Gold Investment Tips 2011 ; The first pure gold coins were struck by King Croesus of Lydia (present-day Turkey) during his reign between 560BC and 547BC – and gold coins have continued as legal tender ever since. The precious metal has proved a valuable winner for investors in recent years. We explain the best ways to invest in gold through funds, Exchange Traded Commodities (ETCs), bullion and coinsGold has been a clear winner in recent years, after trouncing all other asset classes for the second consecutive year in 2008, the price of bullion has continued to race ahead in 2009.
Gold investment options
Bullion coins are an excellent investment option. You can go in for the American Eagle, Canadian Maple Leaf, Britannia or the Australian Nugget. The American Eagle Gold coins were minted first in 1986 and hold pride of place as the world's leading gold coin investment option. These gold coins are struck in 22 karat gold with the total weight as stamped on the reverse of the coin. Silver and copper are also used so as to protect the gold finish. Special dyes are used to strike these gold coins to ensure that minute details are visible.
Such American Gold Eagles can be bought at dealers of precious metals and coins. You can buy them at the prevailing price of gold and a premium for distribution costs. Gold coins are universally recognized and can be easily sold. The South African Krugerrand was the first gold bullion coin that was marketed as an investment opportunity. The one-ounce Kruggerand gold bullion coin is extremely popular.
* · Gold bars are another investment option. Smaller bars cost more as the premium is low on larger bars. But resale of big bars is not easy. Gold coins are available at lower premiums as compared to gold bars.
* Gold certificates are titles for a stipulated amount of gold. You can take physical delivery of the gold or trade on it through the certificates. Another scheme is to go in for a gold accumulation plan - one that allows you to buy gold for a fixed sum each month. This allows you to benefit from acquiring it at a market average price.
* Gold accounts can be started with major banks. Typically those speculating in gold usually resort to this sort of account with commodity brokers or private bankers.
* Gold mining shares are another method of investing in gold, though not directly. Increase in gold bullion prices will lead to an increase in gold mining share prices - On this premise, many investors take up gold mining shares.
Preserve gold bars and bullion coins in the original mint packaging. Since it is soft, mint-fresh gold is easily subject to scratches from rough surfaces. Careful handling and preserving can go a long way in getting the best price during a resale.
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