Gold Bullion Coins Should Be Purchased And Sold As Gold Reaches $1000 An Ounce
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For the first time in six months the value of gold has reached $1000 per ounce. The move could be seen as a sign that investors believe the worst of the global recession is over. It could be seen however as a way that investors are safeguarding their investments against recession.
Over the previous year gold’s value has risen 13.6%, showing it is still one of the most favoured investment choices during inflation. This could be viewed two ways. Optimism would have us see it as a sign of recovery, getting out of the recession.
If you take this view, it would be a good idea to buy gold bullion coins coins before their value gets too expensive for you. Selling them in the future will give you a profit on your investment. You could also sell any gold bullion coins you own now and get a better price now than you could have one or two months ago.
On the other hand you might see high gold prices as a sign that we are still in the grip of the recession as gold is used to protect wealth. This can be seen as the US dollar which normally moves in the opposite direction to gold, has been declining during that same time.
The rising price of gold is due to uncertainty all the way from personal investors right through to institutions. Governments use their gold reserves as protection against drops in their currency, gold is a safe way to store your money.
How interest rates are going to change is one of the questions financers are asking. This has led to stock piling and hoarding of gold.
In March 2008 gold reached an all time record high of $1032.The value of gold reached a record high of $1032 in march 2008. Now is the first time gold has reached $1000 an ounce since March this year.
Troy ounces is the measurement used to measure gold. One ounce is equal to 31.1035 grams or 480 grains. One troy ounce is equal to 1.09711 avoirdupois ounce which are widely used to measure weights in the US and UK.
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Buy Gold Bullion To Beat Inflation
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It is a common occurrence in times of inflation that we begin to look to ways to protect our finances. One of the best ways to overcome the financial difficulties that come with inflation is buying gold bullion. Funnily enough, when depression looms on the horizon and the economy goes through a deflationary phase you would still be surprised to learn that gold bullion can once again help to bail you out. Don’t let the opportunity to buy gold bullion pass you by.
Whenever the supply of gold gets interrupted as happens during certain economic times you must pounce on the opportunity to invest in gold bullion since gold will always appreciate and so will provide better returns on your investment. Learning about the gold bullion market and how to buy the commodity is a piece of cake if you use the internet.
However don’t trust everything you read online as there are people out there hoping to sell you fake gold and steal your hard earned money. Making sure the information you read online is correct, get some advice from industry professionals and certified retailers. If you doubt any of the information you read over the internet, your common sense is probably right.
Ignoring expert advice and relying solely on your own intuition can sometimes pay off. But I would advise you to mix intuition with expert advise, otherwise you might lose a lot of money! Gut feeling is rarely enough to get you through hard economic times.
In countries where inflation is enormous like Zimbabwe, buying gold bullion is still the safest way to invest your money in the long run. Recession and inflation can be overcome through buying gold bullion. So, never mind the apparently high costs, just go out and buy whatever gold bullion that you can afford. It will mean that you are financially secure for as long as you keep it.
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Gold Bullion Investment: What You Need To Know
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If you want to get involved in buying gold coin and gold bullion, there are some rules of the market that you need to take heed of to make sure you do things right. The main tip I can give you is to be smart about who you trade with, as there are scammers and dishonest traders who are prepared to take advantage of new gold bullion traders. Your common sense will be your most trusted tool in the gold bullion market, if you are suspicious about a certain dealer, avoid them.
The first thing that you want to do is familiarize yourself with the selection of gold coin and bullion from a few different dealers. Especially if you are new to the game, this is going to be a great chance for you to learn more about what is out there and what different dealers are most sought after for gold coin and bullion.
At a trading desk you can find information on any queries you may have about the gold bullion trade. Unhelpful dealers that will not share their advice with you are likely to be poor dealers to trade with as they will often be a hostile seller or buyer.
Taking care of new gold bullion traders and making sure they get as much help as possible is done by a lot of good gold trading companies in the hope that they may secure customers and trading partners in the process.
When you find gold that you want to buy, make sure you lock in your bid to avoid someone undercutting you on the price. At some gold dealers you will be able to bid on gold at an auction, which means you might be able to find a bargain, others offer you the chance to buy and sell your gold directly. When you are buying gold, you need to think about payment options and storage plans, as gold is a valuable commodity and needs to be stored securely. There are some dealers that you can even place your order right online when you buy gold bullion products, so it is easy to trade in gold.
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Gold Bullion Coins Make Investment Sense In Austria
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Austria has a long tradition of minting and dealing in gold bullion coins which makes it an ideal country in which to trade. The coins are accepted as legal tender in Austria and their value is based on their face value making trading easy. One of Austria’s most popular gold bullion coins is the .9999 Vienna Philharmonic coin which is available in denominations ranging from one, half, quarter and one tenth.
Trading in the .9999 and other gold bullion coins minted in Austria is easy, just go into an Austrian bank and buy as many as you want or can afford. There is much to be said in favour of doing gold bullion trading in Austria especially as you can store your bullion in safe places in the most secure facilities in that country.
You can store your gold in a facility like the Das Safe, which is equipped with all the technology and manpower needed to store high amounts of gold. This storage facility is one of the oldest in Austria and is virtually synonymous with safety of storage of gold, having more than a thousand safe deposit boxes in its premises.
Of course, you will need to pay an annual fee that can amount to between four hundred and eighty Euros to more than three and a half thousand Euros for storing your gold. Each individual customer can store up to 4000 coins.
If you are looking to buy gold bullion bars then check out the ones known as Pamp Suisse that can make for an outstanding investment. You can still get great value bars and make sound returns on your investment even though coins remain more popular in Austria.
Gold bullion coins and bars both offer great investment opportunities so you are sure to be happy that you decided to trade in the Austrian gold market.
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“Gold Hits Six-Month High”
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The Daily Telegraph reports that “gold prices have reached their highest level since February on strong investment demand amid caution ahead of key US payrolls data”.
The intra-day peak of $992.55 on Friday, September 4 was the highest since February 24, 2009.
Analysts cited asset diversification by “jittery investors” and “shaky equities markets” as key drivers of the rally, with gold’s immediate move having been “largely technical, with the dollar offering little support and physical demand weakening as prices rose”.
Meanwhile, after a US employment report on Friday showed greater job losses in the private sector than expected, investors are watching for the effect on the dollar and subsequently on gold.
Standard Chartered expect the “very strong” investment demand for gold to “help drive the price higher over time”, breaking “$1,000 by the fourth quarter, mainly driven by a weakening US dollar”, according to their head of commodities Helen Henton, the paper reports.
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