Gold has known to be a great insurance method during economic crisis situations throughout the decades. It has even helped people through complete economic crashes. Gold is a strong assets to own because it is not backed by a third party promise or responsibility. With popular capital asset, such as bonds and bank savings, they [...]
Gold Coins
Having gold coins in your procession is probably one of the best ways to secure your financial insecurities. Investing in gold during a currency crisis is a good insurance method that you will still be financial capable if everything were to crash. Gold coins have been recognized as authentic currency for centuries now.
When you are investing in gold coins, be sure that they are modern coins you are buying and not any rare or older ones. Rare and older coins tend to be more expensive and therefor take a little more time for you to break even. Typically when people buy such coins, it is to admire its historic value and not for an investment purchase. Sometimes older coins can sell for about the same as the going rate for a modern coin and when that is the case, it is always worth checking into.
It is a good rule of thumb for those investing in gold to never buy anything over 10% premium rate. You can safely say you are getting ripped off. The closer to the original golds mark up price the better. When the coins come fresh out of the national mint, it is typically sold for about 4% of the going rate to cover any expenses and make a slight profit. When it gets into the retailers hands, this is when you can get seriously ripped off if you are not too careful. A good amount for the retailer to charge is anywhere between 1-3%.
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