Times of economic uncertainty often cause people to look for a safe way to protect and grow their wealth, independent of or in addition to the stock market. One of the oldest and best methods, is to convert your cash into precious metals. Gold and silver bullion are the most popular metals, along with palladium and platinum bullion.
One of the easiest ways to invest in gold is to purchase gold coins. These can be historic coins, collectible coins, rare coins, or legal tender gold coins issued by governments. All these gold and silver coins have comparatively stable values that can help protect your money during periods of recession or inflation.
Gold Coins Are a Low-Risk Investment Option
Since the end of the gold standard in the United States in 1971, the price of gold has remained relatively stable compared to other assets.
While its value has fluctuated over the decades, investors have long seen it as a safe investment. This is because it is a physical asset with value beyond its market valuation.
Gold also has practical uses, from jewelry to spacesuit helmets. It is a scarce commodity that will always maintain a minimum demand and valuation.
Gold Coins Are Easy to Buy
Unlike some investments that only certified professionals can purchase, anyone can walk into a coin dealer and purchase gold coins. These coins are issued by governments and have a set weight in pure gold, generally between 0.1 and 1 troy ounces.
The most popular gold coin worldwide, is the Krugerrand, issued by the South African government. Also widely-known, is the Canadian Maple Leaf coin. U.S. minted gold coins like the American Gold Eagle are also popular options. Because they are all made of gold, it doesn’t matter which you buy in terms of using gold as a store of value; all that matters is the amount of gold in the coin. In fact, government-minted coins have a higher trade value, but are worth no more as an investment, than the generic/privately minted alternatives.
As some unscrupulous dealers attempt to sell fake coins, it is crucial that you find a reputable dealer to work with. If you are looking for the best place to buy gold coins in Michigan, AU Precious Metals is your source for gold, silver, platinum, and other precious metal coins. Easily buy and sell them, with confidence, in-person or by mail.
Gold Coins Are Easily Exchanged for Cash at Any Time
Many gold coins are not like stocks that need to be converted to money; they are tangible legal tender issued by governments just like standard money. As such, you can redeem these coins for their value at almost any bank worldwide. Non-currency coins can be redeemed immediately for cash at any coin dealer as well.
Gold Coins Protect Investors Against Inflation and Other Economic Risks
Over the past 50 years, gold has moved inversely to the U.S. dollar value, as the gold market is dollar-denominated. In times of recession or inflation, gold gains value as the dollar drops but tends to increase in value at a slower rate when the dollar is strong.
Gold Coins Are a Good Long-Term Investment Option
Gold is seen as a stable store of wealth for millennia, and its past markets indicate gold becomes a solid investment over longer periods. Since 1971 gold has dramatically increased in value from an average of $40.80 per oz. to $1,668.89 per oz. in October 2022.
Families have long used gold as a tool to build multi-generational wealth. The markets show that gold is an excellent way to store value for retirement or future generations.
Invest in Gold
As post-pandemic inflation begins to bite into the dollar’s value, investing in gold can help you ride out the storm, and profit from the dollar’s dip in value. Contact AU Precious Metals today if you are looking for reputable coin dealers in Michigan to purchase or sell gold coins. We can help you understand how to invest in gold, and help you purchase the coins you need to protect your financial future.