How To Invest In Gold Now – Buying And Selling Gold, Coins, Bars, Shares, Mining, ETFs

Let’s face it. It appears that it will be a year or more before the economy begins to improve. However, when the market is dropping, and taking currency down with it as well, the price of gold is on the rise, causing it to be viewed as a good commodity to trade for making money.

You may be thinking about selling your gold coins for profit, especially if you have been able to build up a sizable stash of them. While we’re not sure if this is a good idea right now, given the possibility that the price of gold could further rise, nothing should of course keep you from selling out if you want to make some profit out of them now.

Many people believe that gold is now the best investment for their money, so there are many gold buyers available. If you wish to sell your coins, there are two methods for doing this. To begin with, you can become a gold Eagle Coin dealer if you are in possession of a large amount of gold coins, and you intend to sell them out. It is a requirement that you are an expert in this subject, also knowing the marketing and pricing, as this business is serious. Otherwise, if you don’t make enough investment of time and resources into learning the trade, you could lose big time. Other costs that you need to account for include: the expense of starting up a formal storefront as well as the requisite government licenses to operate a business. Then there are the inevitable taxes.

If that sounds too complicated for you, you can also sell your Gold Eagle Coin as a private seller. This is particularly true if you have a small amount of coins and you want to sell them for income. A great number of gold coin collectors, dealers, and traders actively look for private sellers because their products don’t have high markups as they don’t need to waste money on overhead expenses. You will be certain to find a ready market, if you do determine to become a private seller, more so if you sell with computer online auctions.

You can usually receive a better price for your gold using an online auction than you can working with a dealer. Online auctions put you in touch with individual buyers who can pay a higher price for your gold Eagle Coin than dealers would. To get an idea of which types of gold coins sell like hotcakes at auction, consider searching for gold coins in an auction site, then try to find the coin brands with the most number of bids. These are probably highly popular and will be the first to move when offered at auction.

Having said all these, the question goes back to whether or not it is a wise move to sell out at this time. Some experts state that gold is still below value at current prices, suggesting that a “wait and see” policy prior to selling may be best.