Old Gold Coins: A Viable Physical Gold Buy
If you want to buy physical gold, but do not have the money to buy it by the ounce, then you may want to investigate buying into old gold coins. My reasoning behind this is that with gold at around $1700 an ounce, buying one or two gold coins might be the better option of you only have a few hundred dollars to invest. Even if you can only afford to buy one gold coin, you are still getting your hands on physical gold, which is the whole idea anyway.
There are a Couple of Different Reasons that People Get into Physical Gold
One is to leverage against inflation. As the government continues to inflate the currency, more and more people are seeing the price of gold go up.
It Makes Sense to Invest in Physical Gold
Therefore, it makes sense to invest in physical gold while you still can because it will be worth more and more as fiat money continues to inflate.
There is also a hidden bonus to investing in gold coins, and that is the other market of coin collectors. What I find interesting about this market is that it is steeped in the subjective theory of value. Many coin collectors pay for items based on what they personally value it at and not what the current gold prices are. So, you could theoretically end up getting even more money for your gold coins by selling them off to a collector.
Investing in Physical Gold is Still Possible
In the end, investing in physical gold is still quite possible, and doing it in the form of old gold coins might just be the answer for the investor on a budget.
Both have their arguments, and you’ll have to decide on which route you would like to go, based on your own personal choices.
Collecting valuable numismatic coins is the ideal vehicle to satisfy the desire that all US citizens appear to share, the desire to collect something which has worth.