Investing in gold and silver for the first time

In times like these, with economic instability, rising inflation and the weakening of the U.S. dollar as a worldwide reserve currency, investing in precious metals like gold and silver is becoming more and more desirable. The motivation for purchasing either gold or silver, in it’s physical form, may be one of the following reasons. You may be looking to diversify your assets.

Another reason could be to invest for the future, or to acquire precious metals as a hedge against inflation. And yet another reason could be to prepare for an eventual collapse of the currency or an upcoming crash. People are looking to acquire their first purchases of gold and silver.

The next step is to determine which kinds and what type of precious metals to buy. Many people are now realizing for the first time about the benefits and advantages of owning silver and gold, but many are not sure about what kinds of products to buy.

When first learning about investing in these types of products, the choices are many and can be a bit daunting for the newbie investor. Some of the factors you need to consider are storage of your metals, liquidity when you are ready to sell, and premiums as well as the current spot price.

As far as gold coins are concerned, the most popular coins to buy, sell and trade are the one-ounce Canadian Maple Leaf, the American Gold Eagle and the American Gold Buffalo. South African Gold Krugerrands are also very popular among buyers and they are usually in great supply. These coins are among the most preferred to own by gold coin buyers and are the best ones to turn around and sell at a later date. They are easy to sell and will always yield fairly close to the spot price of gold.

There are also gold bars, in varying sizes and weights, usually starting at a 1/2 ounce and going upwards in weight from there. A premium is an additional cost over the spot price for any bullion coin. This is due to several factors, which may include manufacturing and distribution costs from the mint or refiner that are passed down to the consumer, through the dealer. There are also those non-physical variety of investments that one can make such as Futures and Certificates, but we are concerned with the physical products here.

Of those, the ones we recommend are gold and silver bullion coins or bars. We also carry ingots which can be purchased in weights from grams to kilos. We buy and sell gold and silver bullion in bars, rounds, American Eagles, Chinese Panda, Canadian Maple Leafs and other coins, as well as circulated silver and gold coins. We have a large inventory of coins such as Morgan silver dollars, gold and silver eagles, halves, quarters and dimes.