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I have just come across this story, about a young boy who received a sovereign in his change!

I have actually witnessed this happen before, at Coinex about 6 years ago. A dealer had managed to get some sovereigns mixed in with some pound coins. Luckily the recipient was honest and returned the coin in question. It is also interesting that this coin has been valued at £200. The market value is at least 25% more….

Til next time,

Happy gold coin collecting,

Paul

www.BuyBullionCoins.com

Here is a great video of a gold coin undergoing ‘the trial of the pyx’.

What’s the pyx?

You can read more about it here.

Til next time,

Happy gold coin collecting,

Paul

www.BuyBullionCoins.com

Today, we have a guest post. It is from Jacob Harrison , who is a precious metals investment specialist from the Australian Bullion Company.

In case you are unaware of who they are- the Australian Bullion Company is Australia’s oldest privately-run precious metals wholesaler and retailer. I think you would agree, that is no minor achievement in this day and age- and we are lucky to have such wise contribution to the site. I HIGHLY recommend that you read the article below. Paul

How to Start Investing in Gold: What Beginners Need to Know

Gold has become increasingly popular as a hedge against currency devaluation and inflation and also has historically stable returns over time. Many beginning investors are anxious to invest in gold but are frequently overwhelmed by the high prices and seemingly endless types of investment options. Buying physical gold in the form of coins or bullion, trading gold in foreign exchange markets, or trading gold related stocks are all viable methods for investing in gold. So to get you started, let’s look at some basic information that you will need to know in order to succeed.

Worth Its Weight in Gold

Most people think of gold bullion when they think of owning gold. The most iconic image when it comes to gold investing is of course the gold bar. Gold bars are regularly sold in standardized quantities by major banks in many countries. Gold bullion coins are also regularly traded with the most popular coin being the South African Krugerrand. It currently comprises approximately 90% of the global gold coin market. Many other countries offer their own version of gold coins, such as the U.S. Gold Eagle, the Chinese Gold Panda, the Canadian Maple Leaf and the Australian Gold Nugget.  These coins will typically contain one ounce, or fraction of an ounce, of pure gold. They may also be alloyed with another metal so their gross weight may be slightly more than an ounce.

Beauty is in the Eye of the Beholder

Many beginning investors like to purchase what are known as numismatic coins, which simply means that they have added value to collectors for their beauty, age, condition and rarity in addition to their value for the metal they contain. This might seem like an added advantage if it weren’t for the following considerations: it takes a great deal of time to develop the level of knowledge that is required to really understand this market; in the event of a global financial crisis millions of investors that have been hoarding these for many decades will undoubtedly dump them on the market, dramatically reducing the rarity premium that was included in the price you paid for them; over ninety percent of the cons and scams that are pulled in the physical precious metals industry involve numismatic or semi-numismatic coins. You are better off sticking with bullion.

Gold Paper

Another common gold investment strategy is investing in gold mining stocks. It can be exciting and rewarding and on the other hand it carries with it some significant challenges. Most mining companies are not entirely devoted to gold and their performance is not always directly tied to the price of gold. The running the business itself will often have a significant impact on the stocks value regardless of the current spot price of gold.

Another form of gold related paper trading involves exchange traded funds (ETFs). Gold related ETFs began in Australia in 2003 and they have become increasingly popular for the more traditional investor. ETFs offer convenience, don’t require storage, can be electronically transferred and typically show returns closely tied to the price of gold. On the downside, there are growing concerns that the gold backing many of these funds is not physically located where it is reported to be and that the value of the funds being traded is many times greater than the actual physical supply of gold in the world. These funds are basically a “promise” for gold rather than a physical asset.

So what is your “Ace in the Hole” when it comes to investing in gold? Well that part is simple. Find a reputable dealer that has a history of guiding gold investors to the best product selections to meet their unique investment needs. Do your research, ask for references, follow their lead and then let them guide you to the perfect balance of physical gold for your growing portfolio. Then hold on to your precious gold and enjoy the security that only gold can provide.

 

Author Bio:

Jacob Harrison is a precious metals investment specialist from Australian Bullion Company,

Australia’s oldest privately-run precious metals wholesaler and retailer.

I have come across a great ‘info-graphic’ which has so much well-presented information about gold. It includes its history, uses, coinage and monetary facts.

Worthwhile printing out.

You can see it here.

Til next time,

Happy gold coin collecting,

Paul

www.BuyBullionCoins.com

It is often said that the bullion market lacks innovation. Not so. Here is a novel idea from one of the major suppliers- a bar you can break into smaller chunks. The makers say it is perfect for transactions…..but wouldn’t it be easier just to use gold coins?

You can read all about it here.

Til next time,

Happy gold coin collecting,

Paul

www.BuyBullionCoins.com

Recently I talked about ‘a lot of gold’…..well what the BOE holds may be awesome, but I constantly come across these stories of ‘regular folk’, who have amassed fortunes in gold coins.

Here is a story from the US……$7.4 Million…..I wonder what he did for a day job…

Til next time,

Happy gold coin buying,

Paul

www.BuyBullionCoins.com

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Well I have just the video for you! An academic has ventured deep into the bowels of the bank of England to walk among the ingots….you can see the video here.

Til next time,

Happy gold coin collecting,

Paul

www.BuyBullionCoins.com

 

This coin has just made nearly £300,000 at auction. The reason I mention this, is that the price of this coin, seems to have rocketed in recent years. I remember being sat in a London dealer, a few years back and the conversation was how two big bidders had taken a Vigo 5 guinea up to £100,000 at a US auction. The assembled company all agreed, that was due to the rivalry between the bidders- and we would not see such a high price again, for a long, long time….

You can read the story here.

Til next time,

Happy gold coin collecting,

Paul

www.BuyBullionCoins.com

I have just come across an interesting article on Zerohedge. Apparently in the last 30 days, a record number of gold & silver ‘Eagle’ coins have been sold by the US mint.

You can read the full article here.

Til next time,

Happy gold coin collecting,

Paul

www.BuyBullionCoins.com

Well, the new design has been unveiled- and I can report that “St George is back”. The classical Pistrucci design has returned. I am not sure of the reasons why (if the previous ‘new’ design proved problematic in production?). Anyway, you can see the new coins here.

Til next time,

Happy gold coin collecting,

Paul

www.BuyBullionCoins.com

 


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