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Cash For Gold Prices & Gold Coins

Author : Omar Ross

Investing in gold today is a widely practiced activity. In light of the current economy, and as unpredictable as it is, many investors have begun to liquidate their various currency-based investments such as stocks, bonds, various funds, and have begun to purchase gold coins and gold bars in order to add stability and market strength to their investments. The rationale behind this is quite simple, as gold has maintained a constant and steady value for centuries - what one-ounce of gold could buy you two hundred years ago, it still pretty much can today. Unlike the currency, gold has been seen as a stable store of value that is independent and resilient in many ways. For many, the idea to purchase gold coins is one of the simplest and most accessible means of investing in gold that there is today.

The decision to purchase gold coins is a simple one, however, many investors often wonder what makes gold such an attractive investment to begin with. Historically, gold has maintained an extremely stable value that has essentially remained unchanged for centuries. This is a valuable characteristic of gold, and from it spring many more benefits of gold that draw many investors to purchase gold coins.

Because of its stability and independence on the market that seem to be a characteristic that is unique to gold and gold products, such as gold coins and gold bars, gold also presents another reputation as being an effective, if not the ultimate investment during crisis. Many investors purchase gold coins as a hedge against inflation, recession, and devaluation of the currency, all of which have weathering effects on your investments as well as your financial well being.

Many investors purchase gold coins because of their accessibility and affordability on the market today. Gold coins are the easiest gold bullion product to store, transport, and ship just about anywhere in the world, and for this, many investors choose to purchase gold coins. Produced and manufactured in four to five basic weights - one troy ounce, ½ troy ounce, ¼ troy ounce, 1/10 troy ounce, and even 1/20 troy ounce weight intervals, it is very accessible to purchase gold coins on a variety of budgets. For those who purchase gold coins, the access to gold is a plus and a great way of preserving the wealth of their salary.

Likewise, because they are so accessible and valuable in many different nations and among many different groups, many purchase gold coins because they are the most liquid form of gold on the market today. This is not to say that these gold bullion coins are actually in liquid form, however, the term simply infers that the gold coins are the easiest to sell, trade, and even to purchase gold coins on the market today. Many investors prefer to purchase gold coins rather than gold bars because of how easy it is to carry them on hand, to store them in any number of ways, and even to send them around the world.

Generally, those who purchase gold coins need to know exactly what gives a gold bullion coin its value on the market today. Typical gold bullion coins that are manufactured in mass quantities around the world are valued strictly on the basis of their gold content - the purity of the coin by its weight. This figure, for those who purchase gold coins, is measured in troy ounces of fine gold. Most often, those who purchase gold coins for investment will note that the purity of any given coin will only range between 22-karat gold and 24-karat gold, or 91.67% fine gold to 99.99% fine gold in content. These high purities ensure that the gold bullion coin is a valued and reputable source of gold value that can be recognized internationally.

Still, those who purchase gold coins find it good to know that gold bullion coins are not the only variety of gold coin on the market today. While the gold bullion coin is valued strictly on its gold content, proof gold coins and gold bullion coins that have not been circulated carry the potential of having an additional value outside of simply their gold content. For those who purchase gold coins, proof quality gold coins are minted in limited quantities for special occasions, commemorative events, and as parts of a limited edition series. Generally, they are minted of the same high quality gold bullion used for gold bullion coins, however, because of their rarity and exclusivity, proof gold coins are actually popular buys for those who wish to purchase gold coins for collections or as gifts.

On the other hand, some collectors or investors wish to purchase gold coins that are simply in excellent condition. Gold bullion coins that have not been circulated are average gold bullion coins that are in mint condition. For those on the market to purchase gold coins, there is a great variety to choose from - many different styles, designs, and even qualities and purposes.

People purchase gold coins for many reasons, and investment is generally one of them. Investors purchase gold coins to save for a rainy day or simply to carry a store of solid, internationally recognized value on hand when necessary. There are may ways to invest gold coins after you purchase gold coins. One popular investment option that many investors have explored is the possibility to include gold coins in a gold and silver Individual Retirement Accounts, or gold IRAs. Those who purchase gold coins and invest them in a gold IRA often find that IRAs are beneficial in many ways, including the fact that they are tax-deferred methods of investment, both for gold and currency. For others who wish to keep their gold on a more low key investment, many who purchase gold coins find that it is just as safe and convenient to keep their gold coin purchases in a safety deposit box at the bank or a personal safe in their own homes.

Many investors today purchase gold coins as a way of preserving their hard earned salaries, to safe for a rainy day, or simply to preserve their wealth in the face of uncertain economic times. It is simple and easy to purchase gold coins through various reputable sources on the market today, whether you elect to purchase gold coins directly from the mint or purchase gold coins through a reputable gold bullion dealer.

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Tags:   Gold bullion coins, gold coins, gold bullion coin, 22-karat gold, 24-karat gold, Gold Coins Prices, gold bullion coins per ounce, gold bars,

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Submitted : 2011-07-09    Word Count : 1075    Times Viewed: 443