December 2013 Archives

Buying and Selling Gold at the Right Moment

Among all the precious metals, gold is the most widely accepted as an investment. Gold has long been used as a hedge against economic downturn, massive government deficits, unemployment, inflation, war, and social unrest. In the past, investors rarely considered gold for any financial portfolio because the other financial instruments were doing so well. But, with the stock market undergoing a rollercoaster ride over the last five to six years, many people are now starting to consider investing in gold.

With all that’s happening in the global economy, people are beginning to recognize the need to have a mixture of investments in order to handle the inherent risks of all financial projects. In times of economic crisis, investors generally turn to two kinds of “safety refuge” to park their money – the U.S. dollar and gold. While the U.S. dollar has been the popular refuge of choice of investors for generations, gold has been seen as the ultimate hedge against economic instability. Gold investing, however, requires proper management to make consistent profits and mind-blowing leverages. Learning the ropes of gold investment management can be quite difficult at first. But, if you know how the value of gold is affected by changes in economic conditions, this part is not a hard nut to crack.

First, you have to know that the value of dollar is inversely proportional to gold. When the dollar is strong and the economy is on the rise, the prices of gold tend to plummet. On the other hand, when the dollar is weak due to surging national debt, increased foreclosure rates, devastating natural disasters, war, etc. the prices of gold tend to skyrocket. Gold investment management requires that you know when is the right time to sell your gold or buy gold based on the circumstances.

Selling Gold during Bad Economy

If you have already invested in a lot of gold, perhaps one of your concerns is whether the moment is right to start selling it. Indeed, it’s very tempting to sell gold when the price is high. However, good management of gold investments means holding your horses during severe recession. Why? Because even though you can sell your gold at higher rates compared to when you bought it, economic crisis reduces the number of people who are willing to spend money on gold. What is more, even if you get some people interested in buying your precious metal, they’ll most likely negotiate and ask you to cut down the price. Hence, a rising price is not a good reason to sell gold.

So, when is the best time to sell gold? Only you can determine the “best time” to sell your precious metal. But generally, it will really depend on your purpose for holding gold and your individual situation. Most investors’ purpose for holding gold is to retain their asset value. Given that you have the same purpose, when life throws you a curveball which forces you to utilize some of your assets, then it’s a good time to sell your gold. In a nutshell, gold investment management means selling gold not based on the price but on the purpose.

Buying Gold During Tough Financial Times

If you’re curious whether buying gold in the middle of credit crunch is a good idea, here’s a tip – the best time to buy gold is when everybody else is not interested to buy. Even though gold prices are steadily increasing in the presence of economic collapse, this commodity can be easily found among investors. Because the price is great, many are willing to sell. Because many are willing to sell, you can easily negotiate for a lower price and hence, increase your investments. Just as what Warren Buffett once said, “You can’t buy what is popular and do well.” Again, the best time to buy gold is when no one wants to buy.

Gold investment management basically revolves around these concepts. Investing in gold is a surefire way to grow your asset. If you’ve invested in gold and yet you’re not sure how to handle your investment matters properly, you can always obtain advice from financial experts who are knowledgeable about managing gold investments in the current economy.

500oz Silver To Buy A House?

“In 1980, it took 1000oz of silver to buy a single family median price home, that day will come again but it’s probably going to be less than 500oz. This opportunity isn’t going to last for long…there are these brief moments that go by, as far as historic time, they go by in the blink of an eye…where the safest place to be, the place where people run to, to protect their financial well being during economic crisis, gold and silver, they have been the safe haven for your finances for 5000 years. And there are these brief moments in history where they simultaneously become the asset class that has the single greatest potential gains in absolute purchasing power…and we’re in one of those RIGHT NOW.” – Mike Maloney

Where to Find Rare and Collectible Coins

Coin collecting was started only as a hobby for most people, however you can hear what other people say (or you probably have heard yourself) about news of people cashing in on their old coin; and that encouraged more people to go on a coin-collecting streak. If you are one of those people who want to invest in coins, here are several places to start your collection.

Coin Shops:
Many shop owners are dealers that know a lot of information about coins and are selling coins too. These coin shops are a valuable place to find and gain more information about coins and coin collecting. These coin shops can be costly, though, as they are anticipating selling their coins for a profit. With enough knowledge and/or having someone who know a great deal about coin collecting at your side, you can get great prices for your coins.

Coin Shows:
There are times when your local mall will have an exhibit from several coin dealers and that will let you see all of the collections and allow you to buy some coins for a lower price due to the competition. You will probably also see several new coins that are available and suitable for your collection.

These coins shows are great not only for sellers and buyers but also for coin enthusiasts who want to see rare and hard to find coins.

Mail Orders/Web Sites:
There are thousands of dealers worldwide and most of them have websites that allow buy coins and pay for them through mail order or through any online payment system such as Paypal. You should do your research on these companies and read their terms carefully to make sure that you can get your money back when you have a problem with the coin you purchased and/or received.

For every legitimate web site, there are may be hundreds of fake web sites that are just attempting to get your money. You should always ask for feedback from previous customers before paying anybody online and remember not to give out any password or pin numbers.

Flea Markets:
It would be a surprising place to find rare coins at a flea market, but stranger things have happened. These places have different ideas about pricing which is due to their lack of understanding of how a coin should be priced. You will find overpriced coins but if you are lucky you might find a rare coin somewhere in those stacks of coins that will make it worth your while.

Flea markets sellers are usually looking for a quick sell and would probably give you discounts when you buy their items in bulk. Try to buy other items and get your coins added as a bonus.

Auctions:
If you are looking to invest in really, really rare coins, the best place to go would be an auction. Auctions are the only place where you can find people selling their rarest and most expensive coins. Several of these auctions are happening online at the same time and most of the sellers are looking for the highest bidders. You must be aware and warned that some of these sellers are frauds and will not make the price you pay worthwhile. You should try to learn more about these coins and their worth before trying to buy one from an online auction.

Other Coin Collectors:
Coin collectors usually have duplicate coins that they are willing to sell for a price lower than its market value. The only problem is it is hard to find another coin collector that collects the same coins as you. The best places to look are online groups, forums and (if you have one) local groups.

Other coin collectors are the best people to turn into when you want to start your own collection. They can offer you tips, discounts and some might even be tempted to give you some of their coins to kick-start your collection.

Coin collecting is like any other investment the value will fluctuate: they may depreciate in value and/or gain value at any time. The best way to profit in coin collecting is keep updated with the news and the prices of the coins. This will not only help you in not being fooled by merchants but by learning how to price a coin even without a price list.

Accessories for your Coin Collection

One thing to consider when collecting coins is how to arrange and take care of the coins. your coins might be antique, ancient, or limited editions coins. They might come from many countries and are usually high in value. A collector must know how to keep and take care of them so that they will retain the same appearance and value.

One way to take care of coins is to purchase s selection of coin accessories. Not only are coin accessories used to make a coin collection presentable and organized; but the primary purpose of coin accessories is to take care and preserve the coins.

When buying coin accessories it is important to choose those accessories that will best satisfy the needs of the collector. Some factors that may be considered are durability, price and usefulness.

Many coin accessories can be found in collectible stores and even online. Here are some coin accessories you might consider:

Coin Boxes
Coin boxes are the most common sought for coin accessories as they are very convenient to coin collectors and specialists. The compartments of the box provide for easy location of the coins. The compartments are also wide, which provides flexibility in placing the coins. The wide compartments also allow the collector to handle the coins the proper way.

Coin Albums
Coin albums are similar to any typical album with the difference being that the coin album is especially designed to hold coins. A coin album has a transparent layer that aids in the protection of the coins. The collector does not need to handle the coins one by one. All he has to do is turn the pages and the coins are all there protected from improper handling.

Coin Holders
Coin holders are best for those collectors who collect coins during their travels. They allow portability of the coin collection. In addition, the collector does not need to carry his entire collection. He can simply place a single coin in the coin holder. Coin holders provide safety for the coins and prevent a coin from the many elements that may depreciate its value.

Other coin accessories might be helpful as well. Determine the primary purpose of the accessory and if it can satisfy your needs. Prices will differ depending on the durability of the accessory. It’s recommended you research the many coin accessories that are sold and compare prices before choosing one.

Facts about Gold Bullion

Gold bullion is officially recognized gold in the form of bars that is at least 99.5% pure. The common misconception is that gold can only be in this form. In reality, bullion means any refined and stamped weight of refined precious metal. Traditionally, gold is kept in the form of coins or bars. In olden days, it was in the form of coins; in modern times, it is stored in the form of bars.

SilverSaver(R) - Save Physical Silver and GoldGold bullion has always been considered to be a good hedge against inflation and spiraling prices. Monetary reserves of a nation are always kept in the central banks, in the form of gold bullion. One always imagines bricks of gold stored safely in Fort Knox! The gold owned by governments and central banks are known as “London good delivery” gold bullion bars. They weigh approximately four hundred troy ounces, and are refined and cast into bars by the various private refiners in different parts of the world. It is then accepted for delivery to London and other major precious metal markets of the world…

Gold bullion can be bought by anyone as a recognized weight and fineness of gold. It is purchased at the current price of gold with an additional cost for refining, fabricating, and shipping to the purchaser. This is an international symbol of financial value that has withstood the test of time

Putting Gold Bullion To Use

The metal is dense, so relatively small physical quantities of gold bullion represent enormous values. The material requires only minimal maintenance, and will not change in appearance if kept with reasonable care. It is recognized for its value all over the world, and transcends barriers of culture. It is especially useful in emerging countries, because its value does not diminish with political or economic uncertainties.

Gold bullion is the best security or collateral that one can offer. Everyone from individuals in trouble to large countries can use their stocks of gold bullion to raise cash at short notice. It is possible to add to gold bullion proportions of an estate just as easily as the material is to sell. Liquidity with enduring value may seem to be a utopian dream, but it is an everyday reality with gold bullion. It is a material that is worth building up over time, and constitutes the most reliable way of transferring value to your descendants. This may be why some communities with origins in ancient civilizations consider gold to be almost sacred, and something to buy at regular intervals.

Coin Collecting: Is This Hobby Right for You?

Today, you will see people having different kinds of hobbies. Some loves to collect doll houses, others love stamp collecting, there are also some who likes collecting different species of butterflies and preserve them, and some people likes to collect toys. However, if you really want a valuable collection, and a collection that will be worth a lot in the near future as well as a hobby that will truly provide you with great satisfaction, then you might want to start a coin collections hobby.

Coin collecting is a hobby that has existed for centuries. Here, you will not only get a piece of history from different countries, but you will also have a chance to invest in a really valuable hobby.

Coin collecting is a multi billion dollar industry. In fact, a single rare coin can amount to as much as a million dollars. If you love history, then coin collecting is definitely a must.

The great thing about coin collecting is that it’s not just a hobby, but also an investment. You have to consider that coin collectors such as yourself travel all over the world in order to participate in forums or events that involves this one of a kind hobby. In fact, some people bid thousands of dollars in auctions for a coin that was worth a single cent during its first release.

As you can see, a coin collection can definitely be a very lucrative investment especially if you have a rare coin in your hands. You have to remember that although coins are currencies, it does appreciate in value especially if the coin is very rare and is not being produced anymore.

For example, try imagining getting a hold of a rare coin that dates back to the Ming Dynasty in ancient China? You can definitely imagine how much this kind of coin is worth nowadays. Even if the coin was worth 5 cents during the time it was first used, you have to consider that this coin will definitely appreciate in value because of its historic significance, its rarity and its age.

There are many ways to start your collection.

First, you have to decide what kind of coins you want to collect. If you want to collect World War II coins, then you can do so. Or, maybe you want to try collecting rare ancient Roman coins? This may be very expensive but is also an investment that will be worth a lot in the future.

If you are just starting out, you may want to try collecting different kinds of coins from different countries. Ask your friends who have traveled abroad before to hand you some coins they have from the countries they traveled to before.

This is relatively a cheap way to start your collection.

Once you get the hang of it, then you will opt for rarer coins that can be worth a lot of money. In time, you will be able to see that your coin collection will grow from collection of coins from different counties, to a collection of rare coins that is worth thousands of dollars a piece.

As you can see, coin collections are not just a fun hobby to have, but it is also an investment. With a coin collection, you will be able to have something to do in your spare time as well as invest in something that will be worth a lot in the future.