Are Gold Coins A Good Investment

One thing you must keep in mind is gold doesn t have any intrinsic value.

Are gold coins a good investment.

Today owning gold can act as a hedge against inflation and deflation alike as well as a good portfolio diversifier. To get the best out of gold you need to time the market and try to. Advantages to buy gold coins. Unfortunately these coins have no additional value beyond their bullion or face value when you or your heirs eventually sell them.

It is when there is a mad rush to buy gold coins by the investing public. You will be better off to invest in generic gold bullion ingots and bars. Investors traditionally turn to gold as a haven in times of economic crisis and its value often falls when the going gets good. However only uk coins are considered to be legal tender and their sales are cgt exempt by investing in british gold coins you also get.

1 worst coin investment tv shopping show dealers and mints number one on the list is the tv shopping network coin dealers and premium mints that sell nice looking commemorative coins for exorbitant prices. When gold is not a good investment. Gold and other hard metals have always been a time honored part of traditional investment plans. I have a few coins myself.

To save on taxes it s important to know which gold coins to buy. Dealers sell these gold investment bars for a slight premium over spot price. Gold coin investing can be very tax efficient. It doesn t pay a dividend.

If your primary purpose is to buy gold bullion as an investment my recommendation is that you don t buy gold coins. But i don t think gold is a good investment. I m talking pure gold bullion. At such times dealers get short of stock and sellers who are brave enough to sell into the gold price strength of a panic may well actually get a premium over the published gold price.

There is a good time to sell gold coins but very few people ever manage to benefit from it. You really want to look at coin grading factors such as surface preservation luster strike quality errors and so forth. Gold tends to go up when other investments decline providing a stabilizing effect for your portfolio. Here are some advantages and disadvantages of buying gold coins as an investment.

Throughout history gold has been seen as a special and valuable commodity. Well known coins like the krugerrand enjoy a great secondary market and possess all the attributes required to make it an attractive investment.