Buy Gold Bullion
October 28, 2009 by goldguru · Leave a Comment
When strictly short-term investors buy gold bullion, many of them prefer the affordability of bullion bars, because their utter simplicity warrants the lowest possible investment- grade gold price. Short-term investors generally purchase one- ounce, and/or ten-ounce bars, whose prices usually hover slightly above the current gold spot price, which is the cost of one Troy-ounce of pure gold. Savvy short-term investors buy gold bullion when the spot price declines, and usually liquidate their metal within a fourteen-month span, during which time the gold spot price fluctuates in accordance with global demand. As of around noon today, the spot price was hovering around $1052 per-ounce. The all-time record high spot price is $1071, which was set only a few weeks ago. Many financial experts believe that gold will continue to surpass new all-time highs in coming months and years, and more investors are purchasing bullion bars with reputable brand names, to capitalize on these potential, short-term gains.
Long-term investors also buy gold bullion to diversify their holdings in far more costly rare coins. Rare coins command very high premiums, because their numismatic value generally tends to appreciate over time, so it’s logical to diversify with more affordable bullion bars, while more costly rare coins are left to appreciate. Reputable brand names for bullion bars include Credit Suisse, PAMP Suisse, Engelhard, and Johnson Matthey, and these bars are also U.S. government-approved for gold-backed, IRA storage. Certain bullion coins are also acceptable IRA contributions, which are 22-Karat, American Eagles, and the following 24-Karat bullion coins: Australian Kangaroos, Koalas, and Lunar coins, American Buffalos, Canadian Maple Leafs, Chinese Pandas, and Austrian Philharmonics. Investors are encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on bullion, and rare coin.
Danny Burns
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