Should You be Buying Gold Coins

Have you ever seen one of the financial articles that tell you what to do with that “extra” one or two thousand dollars? For instance, there are some financial experts that say a chunk of extra money like that should go towards your mortgage principle each year in order to shorten the life of the loan. That’s reasonable advice, but many financial experts are saying that if you happen to be fortunate enough to have a few extra thousand dollars in your hands right now it should be used for buying gold coins.

Why? Right now is the optimal moment for buying gold coins because the markets have been heavily assessed over the course of the past year, and it has been determined that precious metals prices are just going to continue to rise. This translates to one simple fact – if you want to acquire gold at the lowest prices possible, now is the time to do it.

The financial analysts who have assessed the markets point out that the global economic crisis is far from over, which means investors will continue to purchase precious metals to offset risk and protect their own buying power. Additionally, market analysts point to the high industrial and consumer demand for gold and silver, which is another set of reasons that they will continue to increase in value over the long term too.

Why are the experts advocating buying gold coins? This is because they come in such a nice array of weights that it makes it easy for someone of nearly any budget to afford a few of them at any time. Consider that loads of investors are buying gold coins such as the American Eagles. This is because they can be found in the full, one ounce weights, but they can also be purchased in weights as small as a tenth of an ounce too.

This means that a fortunate investor with that extra two thousand dollars in their hands could easily acquire an ounce of gold, plus a bit extra. While this might seem like only a small investment, it would be something that could easily be expected to increase in value by around 25% to 30% over a single year. That is an unprecedented amount of growth where any sort of investment is concerned, but it is precisely the rate that gold increased over the course of the 2010 calendar year!


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