Gold bullion is one of the chosen investments for people that do not have as much faith in the modern economic system who want to be sure that they can hold on to the value of their wealth. Holding physical gold coins in your investment portfolio is a means to preserve your wealth. And when it comes to bullion gold coins one of the favored investment options is the krugerrand coin. Krugerrand gold coins, much like gold Britannias and Canadian maple leaf coins, are one ounce gold coins that are a fantastic source of bullion that can be easily stored anywhere from a safe to a deposit box.
Krugerrands may not be as pretty as other gold coins like US Eales, or Philharmonikers and Chinese Panda coins, but they contain a large amount of gold, and krugerrands also have the advantage that they are often cheaper than other gold coins. So krugerrands allow you to buy gold at a lower price, while still keeping your money invested in a physical bullion that will continue to have the same value as an ounce of pure gold. That is the real advantage of krugerrand coins, or any gold coins really; they turn your cash into gold, and gold holds its value in ways different from fiat money.
For example, say that you choose to buy a large number of krugerrand coins. As long as the value of those krugerrands does not go down, it does not matter how far the value of your cash currency drops; the coins will be a higher value. This preserves your wealth in the form of gold bullion, which can easily be sold off for cash if you need more liquid assets at a given time. And of course there's nothing saying how long term this investment must be. This is a really important option given the current economic climate. You could buy a handful of krugerrand coins today and if the price of gold were to sky rocket by next week, you would simply turn the coins around for a short term profit. On the other hand if your concern is your long term wealth then you could keep the bullion for years, even decades, holding it aside as a valuable commodity and banking it against the day when you will need it for one financial situation or another.
South African Gold Krugerrands are minted in sizes from 1/10oz through to 1oz.
Cash for Gold - Should You Sell Now? Find a Gold Buyer for Fast Money Finding Reputable Gold Dealers in Your Area The Top Five Reasons to Start Investing in Gold
0 comments:
Post a Comment