Kamis, 07 April 2011

How to Buy Gold Coins and Bullion


A step-by-step approach to help you start right

Getting Started

Some complicate buying gold, but in reality it is a relatively simple process. The following guideline is the result of our experience helping thousands of investors make their initial gold purchase. If, at any point along the way, you have questions, we welcome your telephone call. We think you will find our low-key, no-hassle approach conducive to your making good decisions about gold ownership.

1. Develop a good sense of the role you would like gold to play in your overall portfolio. For beginners, our comprehensive online introductory information packet can be very helpful in this respect. By gaining a solid background on gold ownership, it will help you avoid costly mistakes often made by first-time gold investors.**

2. Decide how much of your overall portfolio should be committed to gold ownership. The old adage still applies: "Put 10% of your money in gold and hope you never need it." Recently, CNBC television commentator Jim Kramer strongly advocated a 20% diversification. We suggest between 10% and 30% depending upon your level of concern about the economy (after subtracting the equity in your home).

3. Match your portfolio choices to your objectives. Our two most popular portfolio inclusions at this time are contemporary gold bullion coins and historic pre-1933 gold coins (the low-premium variety that track the gold price). In fact USAGOLD's overall volume is split roughly 50%-50% between the two groupings. The ownership rationale for each is covered more thoroughly in these two booklets:

Investing in Gold Bullion Coins
Certainty in a time of economic uncertainty

Investing in Pre-1933 Gold Coins
for Asset Preservation & Profit Potential

4. Choose the right gold firm. You can probably imagine the horror stories we have heard over the years. It is surprising though how so many of these bad experiences could have been avoided with a simple background check at the Better Business Bureau or by spending a little time with the right reading material. Ultimately, your choice of a gold firm can mean the difference between success and failure as a gold owner.***

Placing Your First Order with USAGOLD-Centennial Precious Metals

1. Prepare a list of questions you would like to have answered by one of the firm's expert gold ownership consultants.

2. Contact our trading desk for current pricing and to have your questions answered.

3. Lock-in your order over the phone. It will be followed by an e-mail confirmation for your records.

4. Remit payment by wire or personal check.

5. Sit back and relax while we fulfill your order. In our 38 years as a gold firm assisting thousands of clients, we have never failed to honor an agreed-upon price or to deliver metal as ordered in a timely manner.

** If you would like a more in-depth introduction to gold ownership, order The ABCs of Gold Investing: How to Protect and Build Your Wealth with Gold. We will rush it to you by Express Mail. Contact Marie - Extension #106 - for assistance. We will reimburse the purchase price with your first order.

*** USAGOLD-Centennial Precious Metals has been awarded the Better Business Bureau's Gold Star Certificate, its highest accolade. In addition, the firm has been rated A+ by the BBB with zero consumer complaints.

Related reading:

What you need to know before you buy your first ounce of gold

Closing gold coin prices

About Us

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Centennial Precious Metals
Gold Coins & Bullion since 1973

Denver, Colorado
USA

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1-800-869-5115
(U.S. Toll Free)

00-800-8720-8720
(Europe Toll Free)

1-303-399-6759
(Fax)

e-mail
admin@usagold.com

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Office Hours
6:00am - 5:00pm
(U.S. Mountain Time)
Monday - Friday

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Members:
American Numismatic Association
Since 1975-Life Member

Better Business Bureau Profile
An A+ rating/zero complaints

Industry Council for Tangible Assets

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Free Online Introductory Information Packet
(Includes our latest newsletter)

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The widely-read how-to guideline
on gold ownership

Review Book & Order Here.

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FULLY BUILT IN WHITE GOLD Body ( Abu Dhabi registration)






Copper Penny? -- NOT!

My husband and I were just thinking, "Hey, we've got all these pennies laying around. Let's gather 'em up, go the bank -- not to cash them in but to change dollars in for pennies, and go sell the copper to the highest bidder."


[Thanks to lemonde.fr/reuters/Christian Charisius for the photo.]

Well, that idea was short-lived. Turns out the US Mint beat us to it. They took all of the copper out of our pennies in 1983. See this chart for the evolutionary details of our beloved "copper" penny.

The joke's on us -- but I guess we knew that anyway. After all, gold was taken out of the dollar back in 1933.

The CSR: "Corporate Shakedown Racket"

The CSR: "Corporate Shakedown Racket"
Nick Nichols has written a great article about the influence of NGOs on internal corporate politics. The main subject is the concept of Corporate Social Responsibility, which he calls "taxation without representation." He also calls it socialism via the Trojan horse of corporate marketing (the equivalent of their conscience.)


[Thanks to Warner Bros./Reuters for the picture.]

It's true, we've all noticed those big globals trying desperately to make themselves look green with a heart of gold -- BP, Ford and others with their TV campaigns aimed straight at the wallet of the environmentalist consumer. The problem with it is that the ones paying for the extra cost are every consumer, including you and I and everyone.

Gold Bullion Prices

Gold Bullion is valuable precious metal – namely gold or silver. It comes in two main forms :- Gold bullion bars, and Gold bullion coins. What makes it gold bullion is simply that its value derives entirely from its precious metal content.

Unlike jewelry, or numismatic coins, gold bullion has no artistic component in its value. Some people do not understand why without that artistic component a relatively useless material like gold should have such a high value.

Gold bullion bars can be money?

Gold bullion is real, honest money…and, many say, the best form of money the world has ever known. It is a store of value and a safe haven in times of crisis. Gold is rare, durable and does not wear out in the manner of lesser metals (or paper!) when passed from hand to hand. A small amount, easily carried, can purchase a significant amount of goods and services. It is universally accepted, and can be easily bought and sold around the world.

Today, the beauty of a gold bar lies in its ability to diversify investments, protect wealth and preserve one’s purchasing power.

Gold Prices

Charts show weekly data updated with the latest prices, 52 week exponential moving average and 52 week rate of change of prices. We have also included retrospective swing highs and lows of 10% or more, shown as red crosses.

Historical Gold Prices

This chart explains the gold prices on last 20 years

Gold Bullion Price

Gold as an investment

Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a hedge or safe haven against any economic, political, social, or fiat currency crises (including investment market declines, burgeoning national debt, currency failure, inflation, war and social unrest). The gold market is also subject to speculation as other commodities are, especially through the use of futures contracts and derivatives. The history of the gold standard, the role of gold reserves in central banking, gold’s low correlation with other commodity prices, and its pricing in relation to fiat currencies during the financial crisis of 2007–2010, suggest that gold has features of being money.

The precious metals markets have been on a tear. In fact, precious metals have been the top performing asset class in recent years and with this trend looking likely to continue, many investors want exposure to these markets. But how does one go about making a precious metal investment that safely affords the investor with such exposure?

To be sure, there are numerous precious metal investment vehicles available to the individual investor today – including futures and options contracts, government certificates, digital gold, exchange traded funds (ETFs), mutual funds, mining shares, as well as direct ownership of physical bullion itself. All enable an investor to add a precious metals component to his/her investment portfolio and participate in what is likely to become another multi-year secular market.

However, each of these vehicles is unique in its nature and complexity, and investing in them requires a specific understanding of their individual advantages/disadvantages and risks/rewards. This article provides an in-depth discussion about what is perhaps the easiest and most convenient way for individuals to acquire and directly own physical gold, silver, and platinum– by investing in precious metal products known as Bullion Coins.

Bullion coins are highly refined precious metal products that are round in shape (as opposed the rectangular shape of a bullion bar), and produced to exacting specifications by numerous federal governments throughout the world specifically for investment purposes. These coins are produced in large quantities and come in a variety of sizes — typically one, one-half, one-quarter, and one-tenth troy ounces. Their content – that is, the weight and purity of precious metal they contain — are guaranteed by the governments that produce them. They also are ascribed legal tender status in their country of origin, but are actually valued in the market for their precious metals content.

30 Year Gold Price History


View other gold price history charts including 3 months, 6 months, 1 year, 5 years and 10 years.