In the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later
Harold Geneen
Why do we need a blog about gold? First of all it was conceived as a navigator and assistant in the investment world. Last five years, gold has been showing an undying upward trend. This year it has even crossed a significant boundary in 1000 dollars per troy ounce. However, the gold market is very dynamic, and therefore actual advice will never be superfluous. Such a gold blog could become a gold mine for you.
If we talk about gold as a means of investment, there is need to mention coins and bullions. Last four years gold coin has become more marketable than a barrel of oil equivalent. Isn’t it a good index? But what makes gold bullion coins can’t do. Analysts said that the coins are not so operable like bullions do. The reason lies in the fact that the content of pure gold in the bullion can be easily calculated, and hence it is possible easier to sell it. Therefore, in recent years, gold jewelry as a means of investment significantly loses to coins, bullions and bar.
In any case, owners of gold should be constantly listening to the information in the blog about gold. And, although, in the coming years is predicted stable position of the metal, our gold blog will indicate whether situation on market is stable or not. Especially our articles would be interesting not for those keeping their savings in gold bullions coins or bar, but for those who prefer gold accs.
In addition to bars and coins, banks offer so-called ‘metals accounts’. Client money bankers will convert to gold, silver or platinum. In the future, precious metals can bribe or, conversely, to sell. A profit is retrieved in cash or gold. By the way, up to recent years, namely metals accounts were the most profitable bank proposal. To learn how profitable each type of gold investment is, search in our gold blog for this year’s topics.
The growth of gold market still remains in question. In 2004, slightly hard to believe $750 per troy ounce, now the most extensive estimates, there is nothing to prevent the gold and climb up to 2,000 dollars. So this is the reason why some of the savings will be stored in gold bullion coins or gold bars. By the way, coins are considered more long-term assets, rather than bullion, because their value increases not only with the value of the precious metal, but also with the value of a single gold coin. For example most valuable gold coin – The 1933 Double Eagle – was auctioned and sold for almost $ 7,600,000. Thus gold coins are estimated by emission time, but also by brand (Olympic coins or Philarmonic coins). Fresh price on coins you can get on auctions like Austine, for example.
However, statistics coins lose as a means of savings. This explains the presence of an alloy of gold coins, as well as less demand for coins from banks, in whose hands, in many countries gold activity is concentrated.
But my blog about gold doesn’t tell about separate coins or gold bars or bullion. Its main goal is to provide the reader with as much information about when these same coin or bullion is to buy or sell. On the pages of my gold blog you will not only learn fresh quotes, but you will see that it is possible to make a fortune on gold. Here you will read the most recent analysis. And after this you can decide is it worth to sell your coins or open a metals account. That’s why gold about blog is really needed.