The end of 2012 saw investors flock to US gold coins. Gold has had a great rise for the past 11 years, but 2012 saw a leveling off. The last two months, however, saw a great upturn in interest in US gold coins. The fiscal cliff standoff moved new buyers to consider US gold coins as a way to purchase a tangible investment. Local and online coin dealers saw a rush in the post-election months. The portability and convenience of these gold products are also very appealing to the new investor.
For those who think gold futures are way too complicated and view gold certificates as just a piece of paper, the security of investing in something you can hold in your hand or keep in your safety deposit box is a big draw.
The sheer variety of gold US gold coins also makes entering the collecting market fun and exciting. Some are drawn to the historic imagery or the memories they represent. Other’s like the idea of investing in gold which has always been treasured.
Gold has captured the imagination throughout human history and 2013 is expected to be another winning year. The global economic crisis has turned the eyes of the world once again to gold as a stable place to invest. There are always people who believe that gold is the one investment that can get them through any crisis. But now, the booming interest in investing in small amounts of gold can be seen worldwide.
Small amounts of gold are even being sold in vending machines and the demand for gold jewelry in places like India and China has never been higher.
If you are interested in collecting or investing gold coins, make sure you are not paying an exorbitant premium. Because of the high price of gold, many new dealers are rushing to the market trying to get rich quick off of the inexperienced buyer. Be sure to buy from a reputable dealer who guarantees the coins sold and can advise you on proper insurance, storage and care.
The other day I was talking with some friends about our respective retirement plans and how we’ll be able to afford to live. With all of the fiscal uncertainty in the U.S., in Europe, and across the world, we’re all worried about our retirement funds and don’t know that we can rely on Social Security. We’ve talked about buying stocks and our various IRAs, but I keep coming back to the idea of buying gold. My father and my grandfathers all relied on gold investments to see them through their retirements and I think I should do the same. But where can I buy gold where I know I’m getting a good deal and where I have options?
I’ve been doing my research and I’ve asked my investment and retirement advisors where can I buy gold and the answer I keep coming back to – and that everyone is telling me – is that I should buy my gold online. There are some very reputable, established precious metals companies with online storefronts, and those are what I am looking into. I’ve set myself some criteria for evaluating all of them, and here’s what I’m looking at:
· How are the gold prices calculated? How much above market is their mark-up?
· What are their purchase requirements? Do they require a minimum purchase? How fast can I lock in the price and how do I do it?
· How are the shipping costs calculated and will they ship to my home or to a vault, if that’s the way I decide to go?
· What’s their customer service like and do they have a good reputation?
My answer to the question: Where can I buy gold? keeps coming back to one company: Merit Gold. They’ve been in business for many years, they have a stellar reputation, and they are willing to let me make smaller purchases over time, rather than buying a lump sum all at once. Additionally, their shipping policies are reasonable, and I really was impressed with the person who answered the phone when I called with some questions. The man was bright, pleasant, and he was able to answer my questions without having to repeatedly put me on hold (which is what happened with some of the other companies that I called).
If gold was good enough for my father and for my grandfathers, it’s certainly good enough for me. I’ll be buying gold to diversify my retirement portfolio, because I know that gold is a good investment, for the long-term. As for where can I buy gold – I’ll be buying it from Merit Gold. They really have impressed me.