Gold coins are possibly one of the finest investments that are currently out on the market right now. In the economy’s current state of affairs, it is extremely tough to decide where to put your money. Investments like stocks, bonds, futures, and their like have been on a wild roller-coaster ride ever since the mid-2000s. Many people have turned to gold as a safe alternative to the changeable stock market.
Over the last twenty-five years, gold has soared in worth. There were a couple years when the price went down, but generally speaking, you will have noticed a steadily upward trend. Gold has been valued at well over $1,000 per ounce since 2010 and it shows no signs of stopping. If it does not stop growing at this explosive rate, by the early next year, there is a good likelihood that it might go over $2,000 per oz.
That having been said, gold coins are a solid investment. Coin collecting has always been a great spare time interest to get into. Not only do coins keep their value well, but they also have a core group of collectors that are very dependable about their hobby, too. There are well-liked magazines and sites especially devoted to coin collecting, and the number of coin dealers in the United States and Canada has grown.
If you’re curious about collecting gold coins to milk Gold’s explosive value hike, then it might be a good idea to begin by learning about coin stockpiling. There are many books and magazines out on the topic, but there are wonderful free sites you can check out, too. Two really good sites are www.coinsource.com and www.thecoinalley.com. You can learn the basics from these websites and commence building your treasure hoard of gold coins!
Another good place that you can find out more about collecting gold coins is at coin collector forums. Internet forums are places where folk gather and talk about whatever the forum is dedicated to. Collectors on a coin collector forum are usually very pleased to pass on any information that they have acquired about their pursuit. A great coin collector forum is www.cointalk.com.
Making the choice to gather gold coins is great, but there were such a lot of gold coins made over the years, it generally is an excellent idea to get a specific kind of coin to focus on. Gold coins can usually be broken down by what country they were made in, by what years they were made, and can be further broken down in other categories, also. This is advised as there are so many different kinds of gold coins that it can be tricky to keep abreast of them all. But, you don’t have to specialize; this is only a recommendation for new collectors.
This little guide will hopefully help start you on the venture of collecting gold coins, whether by purchase or discovered by seeking treasure. When you have obtained your first pieces, you might want a secure place to keep them. You might be almost convinced to keep them in a treasure chest, like the pirates of old, but actually the number 1 place to keep gold coins is in special protective cases in a safe place. You can find protective coin cases at coin stores and on the internet.
Tom
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