Beginner Investing » Investing In Gold

Gold Is On The Run

Billy — Thu, 04 Aug 2011 15:04:59 +0000

On Tuesday, gold prices hit an all time high by climbing 1.5%. Most of the cause of the move is because of economic concerns that Congress wouldn’t (or couldn’t) come to an agreement as to the debt ceiling. Even though they have now come to a decision and an agreement to it all, investors are still concerned about the status of the U.S. credit rating. Even though Moody’s has stated that they will hold the AAA rating for the United States, that doesn’t mean that Standard and Poors along with Fitch will do the same.

Today, Wednesday, gold continued it’s climb on making a new high. today’s gold price is $1663.09 I expect it to continue to gain momentum over the remaining part of 2011 and quite possibly all the way to the elections.

Throughout the rest of this week, economic reports will be released and I wouldn’t expect anything good out of any of them. Initial claims, non-farm payroll, unemployment rate and consumer credit are the last of the major ones to come out this week. With these reports coming out as well as the looming condition of the country’s rating, gold will continue to climb and make wise investors a ton of money. Friday’s U.S. GDP data showed the economy stumbled in the first half of 2011 and came close to contracting in the first quarter.

We are not even into the recovery stage of this recession no matter what any politicians tells us. Some investors worried about the risk of a recession that could prompt the Fed to use more stimulus, feeding inflation. As it is, the Federal Reserve is already talking about what they can do to help get the economy moving again. With that thought alone with the possibility of QE3 and keeping interest rates low, investors are moving into the commodity sector. Silver has gained 3% in the last few trading days as well as other precious metals. The commodity (mainly gold) has always been a safe-haven for investor who are concerned about economic havoc.

The DOW has lost a lot of it’s gains made this year. The DOW lost 266 points on Tuesday and only gained back 30 point today. So now is the time to stop thinking about investing in silver and gold start owning silver and gold today.

If you’re not sure where to start with your precious metal purchases, take a look at a company I’ve been using for some time. Click here for my review of Straight Silver.

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Gold Investing for Beginners

joanne — Sun, 26 Jun 2011 23:55:18 +0000

Just Starting in Gold Investing
Gold rush, gold fever, golden touch, gold just has a lot of passion that goes with it. Unfortunately, passion has no good place in investing. You need to understand what you’re buying when you buy gold in today’s world. Gold is no longer needed as a currency. The world of computers has wiped the requirement of a means of keeping track of one’s worth. If the world gets so bad (as the gold bugs think) to wipe computers then you won’t need gold you’ll need food and guns. Now that we’ve wiped the crazy extremes off the table let’s talk about why you would actually consider investing in gold.
Gold Speculating
You can choose to invest in gold because you believe the price is going to take off for varying reasons. Either you can look at gold production and feel there will be a global shortage (either natural or man made like the diamond market.) You may also feel the jewelry sales will be on the rise which could increase the price of gold or high end electronics. The last common speculation is in bad economies, people rush to gold and you’re going to try and ride that wave. All of those could be valid reasons just make sure YOU know why your choosing and it makes good sense, not because some guy on the radio said so.
Portfolio Diversification
The next reason to invest in gold is to diversify your portfolio. The old saying goes “Never put all of your eggs in one basket.” Many people have all of their savings in stocks or cash. Each of those have their place in a retirement plan, but any of them could go sour at any given time. Gold historically has not kept up with the stock market, but certainly makes a good alternative to cash in savings earning virtually nothing. Also, gold is considered a good inflation hedge, as the dollar value drops gold tends to rise. I generally only keep enough cash for day to day needs and a small emergency fund, gold is a great alternative for longer term savings.
Types of Gold Investments
Investing in gold doesn’t just mean holding gold in a vault. You can own the gold at home in the forms of jewelry or coins. Also you in invest in gold ETFs which are stocks that mimic the price of gold. A different alternative is to invest in companies that mine gold, if the price goes up they go up, but if the price goes down they tend to find a way to stabilize their stock price.

How to Buy Certified Gold Coins

Wed, 29 Sep 2010 14:31:03 +0000

The rich golden shimmer of these coins makes eyes glimmer and imaginations soar. The visions of sitting in the corner of a vault sifting sparkling coins of gold through the fingers like grains of sand at the beach make hearts beat faster and creates feelings of wealth. This is the reason average people invest in these precious metals. Since rare coins, including gold coins, are the most counterfeited objects in the world, certified gold coins make a safe investment for people desiring these precious items. Smart buyers protect themselves by purchasing only quality products from experienced, honest investment companies.

The value of coins is determined by the condition; coins the same age and size will have different values based on eye appeal, condition of the rim, scratches, luster, tone and level of detail. The American Numismatic Association has established a numeric system of rating points numbered from 1 to 70. A 70 rating is perfect. Two prominent companies qualified to assess these are Numismatic Guaranty Corporation and Professional Coin Grading Services. These companies guarantee the authenticity of the coin and place each evaluated coin in a sonically sealed, hard plastic tamper-proof holder with the grading information. This is the only way to purchase coins and know their true worth.

People in all lines of work living anywhere are investing in gold. For the last 6000 years aristocrats and countries have kept part of their wealth in this valued commodity to protect themselves in times of economic distress. With the current problems facing nations today, citizens are turning to a safe known commodity. Investing gold coins is a hedge against financial uncertainty in the near future, a way to make money and to diversify an investment portfolio with the hopes of potential profits in the future.

Many people buy gold coins online. Choosing an experienced gold coin dealer to guide this exciting purchase requires caution and research. The dealer should offer education to novice investors, a variety of products in different price ranges and offer to buy back the certified gold coins in the future when the investor is ready to sell. Quality businesses have been in existence for a long time, are licensed and insured in the area they are doing business and have a rating with the Better Business Bureau.

Investing in certified gold coins is a wonderful way to protect oneself in times of financial or economic uncertainty. Using a qualified, certified gold coin dealer protects this investment, by gold online from the Christian based precious metal dealer: gold coins wholesale.

Beginner Investing: Gold

joanne — Tue, 22 Dec 2009 20:43:32 +0000

Investing in gold is one of the smartest ways to ensure the safety of your money and may be the smart way for beginner investing . Gold investment, unlike stock investment, remains at a more stable price and the price movement of gold is comparatively predictable. Investing in gold can be done in two ways, either by investing in the bullion or commodity market or by directly buying it from the jeweler in the forms of gold coins and bricks.

Bullion market trades the gold at the major stock exchanges of the world. Investment in commodity market will require the user to get a Demat account, which is used to trade commodities like gold and metals. The Demat account will be associated with your online bank account and the bank will charge certain brokerage amount on the transactions made through this account. Once you have the logon details, you can start trading in gold at the concerned stock exchange of your country.

Investing in gold will require you to study the market trends and the demand of gold in the near future. You can study online reviews, read online journals and also check out Jim Cramer‘s site to get an idea about the gold investment. Remember to invest at the lower levels and sell at the higher price to earn maximum profits. The share markets must be monitored while investing in gold because whenever the stock markets crash or go low, gold prices automatically increase and any fall in the share or equity markets can be the right moment to enter the gold investment. The timing is very important while investing in gold and the right entry and exit timings will determine the amount of profit you make in the commodity market. Gold investment can do wonders, provided the investor take calculated risk and manages his portfolio in an organized manner.

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