Buying Gold Bars vs Buying Gold Coins

Buying Gold Coins Bars Bullion : When buying gold bullion it is important to know the main reason for buying. If the main goal of buying gold is to preserve your wealth it is recommended when buying gold coins or buying gold bars that they are closest to spot price as possible. Spot price is the price what one troy ounce of pure gold is selling for at the time you buy. A troy ounce is equal to 31.1034768 grams. When it comes to gold coins you are not only paying for the gold but the manufacturing of the coin. This is why gold coins are usually more expensive than gold bars. The good thing about gold coins is they are usually easier to sell than bars. When buying gold coins it is recommended that you buy coins minted by a mint that's been around for a while and has a good reputation. Some other things that are recommended is that you buy pure gold coins and minted in the country you intend to sell it, if not in the mint closest to the country where you intend to sell. Pure gold should say 99.99 or 999.99 and also be 24 Karat. Some gold mints will have coins with the amount of gold stated in addition an alloy of silver and copper to produce a more wear-resistant gold coin. These coins will be 22 Karat and will be less than 99.99 pure. When buying gold bars you usually get more gold for your money compared to buying coins. If you buy gold bars it is recommended only buy 999.99 (24 Karat) bars. It is important when you buy gold that you get physical possession of the gold. This way you don't have to worry about any company going out of business or any government seizing your gold for any reason. Buying gold bullion is one of the best way to preserve your wealth from inflation of a currency or any other economic downturns a society might face.

I also prefer to invest in coins over bars but if you are looking to get the most gold for your money in a uniform form, bars are the way to go.If you buy bars, take physical possession, & have them drilled to make sure they aren't just gold-plated.I agree with the coins. Mainly because even if the metals market does plunge the coin will possibly have more value due to it's historical, and rarity value. You pay more for the coin sorta like a little insurance policy on your gold. But that's just my $0.02

Gold breaking through 1800 again up almost $40

Gold breaking through 1800 again up almost $40 on news that the FED neds more stimulus : Phil Streible, senior market strategist at MFGlobal, says that today's rally sparked by Chicago Fed President Evans isn't sustainable. Streible is bracing for a correction.As long as we maintain below the 1840 level you want to look at the short side if we break above 1840 that's the resistance I think we will go back up and we will retest the highs at least 1900 , so that's my line in the sand says Phil Streible .

Perth Mint Australia - Silver Bullion Unboxing

I've received a shipment of silver today and decided to share the unboxing with my viewers. The package includes 2 units of 99.9% Pure Silver from the Perth Mint Australia. Purchased at $357.00 per bar in late February 2011 .Investment in precious metals will always be worth something, even when money is diluted so much that everything costs a fortune, silver and gold will remain salable at a nice amount! :) The way prices are going, it'll be a very worth while investment! :) 4 months ago silver was selling at $26 per ounce, now it's $36, so things are looking u,The problem I have with the Perth mint is that they are too expensive !  They must love their metal more than the rest of the mints around the world