Buy gold coins online as an alternative to holding gold stocks
A lot of us including myself generally would love to have something more substantial than the gold stocks to make sure that we have the actual physical gold with us given the way the market behaves in case of crisis like the way it happened when the mortgage crisis hit the stock market.
So if you still want some physical gold then your best bet is to buy gold coins or buy gold bullion bars.
That said your first reaction is bound to be as to how to buy the gold coins and what is the price at which you should buy the gold coins and also is it easier to sell the stocks vs. the selling the gold coins.
Gold bullion
First let me tell you what is meant by gold bullion. Gold bullion means gold coins and gold bars.
The gold coins come in variety of weights and that dictates the price of the gold coins. Next comes gold bars and these again come in variety of sizes.
Gold bars and gold coins are sold by authorized dealers which are authorized by the US Mint. These dealers will charge you the spot price of gold per ounce and the calculate the actual gold price of the gold coins.
Apart from these there are other gold coins which are there issued by other mints like the Maple leaf Gold coisn by canadain Mint and the Krugerrand by the South African Mint.
The bst way to buy the gold coins or the gold bullion is to fist finalize how much you want to spend on the physical gold asset and once that is done the check the current price of gold and based on that price calculate how much ounces of gold you can buy.
Now apart from gold you can also invest in silbver bullion as well as the platinum bulluion. People also invest in palladium bullion as investment in precious metals.
Gold coisn or bullion is definitely the true money and it is the safest bet against currency inflation as well as a good hedge against the falling dollar value.
Just to recap there are also gold stocks that you can buy and this gold stocks list will help you select the bets gold stocks to buy
Cameco (CCJ)
Coeur d’Alene Mines (CDE)
Cardero Resource Corporation (CDY)
Claude Resources Inc. (CGR)
Desert Sun Mining Corporation (DEZ)
Queenstake Resources Ltd. (QEE)
Rubicon Minerals Corporation (RBY)
Richmont Mines (RIC)
Rio Tinto Group (RTP)
Royal Gold (RGLD)
Seabridge Gold DRDGold (DROOY)
Birch Resources (EGI)
Norther Dynasty Minerals Ltd. (NAK)
Newmont Mining Corporation (NEM)
NovaGold Resources Inc. (NG)
Norilsk Nickel (NILSY)
Nevsun Resources (NSU)
North American Palladium (PAL)
Northgate Minerals Corporation (NXG)
Odyssey Marine (OMR)
Orezone Resources Inc. (OZN)
Pacific Rim Mining Corp. (PMU)
Pan American Silver Corp. (PAAS)
Phelps Dodge (PD)
Entree Gold (EGO)
Freeport-McMoRan Copper & Gold Inc. (FCX)
FNX Mining Company Inc. (FNXMF.PK)
Great Basin Gold Ltd. (GBN)
Gold Fields Limited (GFI)
Goldcorp Inc. (GG)
Glamis Gold Limited (GLG)
Randgold Resources Limited (GOLD)
Gammon Lake Resources Inc (GRS)
Gold Reserve Inc. (GRZ)
Golden Star Resources Limited (GSS)
Hecla Mining Company (HL)
Harmony Gold Mining Company (HMY)
IAMGOLD Corporation (IAG)
IMA Exploration (IMR)
Ivanhoe Mines (IVN)
Kinross Gold Corporation (KGC)
Crystallex International Corporation (KRY)
Lihir Gold Ltd. (LIHRY)
Meridian Gold Inc. (MDG)
Mines Management Inc. (MGN)
Miramar Mining (MNG)
Placer Dome (PDG)
Barrick Gold (ABX)
Agnico-Eagle Mines Limited (AEM)
Apollo Gold Corporation (AGT)
AngloGold Ashanti (AU)
Yamana Gold (AUY)
Banro Corporation (BAA)
Bema Gold (BGO)
Birch Resources (BMD)
Compañía de Minas Buenaventura S.A.A. (BVN)
Canyon Resources Corporation (CAU)
Cambior (CBJ)
Related posts:
- Gold stock investing – ways of owning gold
- Are gold coins for sale right now and what gold coin prices mean?
- Krugerrand gold coins by South African Mint as investment in gold
- List of gold stocks and the gold stocks list
- Canadian gold coins or the Canadian maple leaf gold coins by the Royal Canadian Mint
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