Many investment professionals believe that gold is a good investment. It has been used as currency for centuries and is often considered a symbol of wealth. Gold, silver, and other precious metals are sold on the worldwide commodities market. Gold is considered a very stable investment and prices are continuing to rise. The latest gold quote will show the current market value of gold.
The price of gold and other precious metals varies from day to day. The latest gold quote will determine the exact value of precious metals. Some experts suggest adding gold to your investment portfolio to improve the value and add more diversity to it. With the price of gold increasing, the price of gold will certainly keep going up. You will find that there are two choices for buying investment gold including bullion bars and coins.
Gold coins are an easy and affordable way to get started in investment collecting. Choose investment grade gold coins that are sold specifically for investing. One of the most popular of the gold investment coins is the American Gold Buffalo. This is a stunning coin that is also quite valuable. The coin features the profile of a Native American man on one side and the American bison on the other.
The images used on the coin are designed after the original “Buffalo Nickel” that was minted in the United States beginning in 1907. The gold coin contains one troy ounce of gold. The gold used in making the coin is 24-karat gold. The size of the coin is about the size of a U.S. half-dollar and measures 1.287 inches in diameter. The coins are the first investment grade gold coins minted by the U.S. Mint in West Point, New York.
The face value of this gold coin is $50. The actual value of the coin is much higher than that. The price is determined by the current gold quote on the market. The price that you will pay for gold coins is based on the price of gold on the second day after the transaction.
Another option for investors is the gold bullion bar. Bullion bars most often contain 10-ounces of fine gold. The bars are hallmarked to indicate the precise purity of gold used in making them. The price of the bars is determined by the weight and purity as well as the current gold quote. Investment grade gold bars typically contain .9999 pure gold.