Cheapest Gold
Posted on 02/15/2010 06:43 pm by CliveCheapest Gold
If you are serious about investing in gold and are looking for the cheapest gold available, then you have come to the right place. Gold is a very attractive investment, especially during a recession, as it out performs most other investments. What you do need to know is what kind of gold you want to purchase as this depends largely on what type of investment you are wanting. For example, if you are looking at capitalizing on gold price movements, then bullion coins may be the best option for you.
A savvy gold investor would buy gold in the cheapest form available. Currently this is in the form of gold sovereigns, Krugerrands and gold bars. Gold coins are generally more expensive and are usually traded by experienced investors. Gold sovereigns are easy to sell as, apart from the gold itself, they are small and have a historical (i.e. well known) and an aesthetic value as well. Because there are larger quantities of Krugerrands available on the market, these gold coins tend to be cheaper than other one ounce bullion coins. For the new investor, Krugerrands can be the best way to get a foot in the gold market.
You need to be a bit careful with gold bars. While the bigger gold bars can be bought slightly cheaper than gold coins, they are more difficult to resell. Usually only gold dealers would be in the buyers market and they most certainly want to pay you less for your gold bar than for the equivalent weight in gold coins. So when is the best time to invest in gold? Usually there is interest in gold when gold prices start to increase, but you ought to make your gold investment when the price has fallen. Familiarize yourself with gold investment terminology, such as percentage premium, in order to be in a position to buy the cheapest gold.