For
hundreds of years gold has been a symbol of power and wealth. Gold has been used for years as
currency in many countries around the world because it is both durable and
valuable. Today, many people are
learning the value of gold investments.
Gold prices are continuing to rise, with no real end in sight. This means that gold is a stable
investment. When investing in
precious metals you must first learn the latest gold value.
The gold value is based on the current
market price of gold on the global commodities exchange. When buying gold for investment you can
choose from gold coins and gold bars.
Gold bullion bars are one of the most popular ways to purchase gold for
investment. Gold bars are most
commonly minted in 10-ounce sizes.
Each of the gold bars is hallmarked to indicate the precise purity of
the gold. Bars are made by
mints. The gold is melted and
poured into molds. The gold value
of the bars depends on the weight and purity of them.
When buying
gold bars or coins, the price that you will pay is based on the weight and
purity of the metal and the market price on the second day after the
transaction. Gold bars are most
often kept on-premise, eliminating the need for expensive shipment. Larger sized gold bars are also
available for serious investors.
These bars, called “kilobars”, contain a kilogram of gold. The gold used is .9999 pure. This is also known as “four nines”.
Investors
and collectors who prefer to keep their gold at their own homes may prefer to
purchase gold coins. Gold bullion
coins are both valuable and historically important. Coins are an affordable way to start or add to an investment
collection. The most popular of
the gold coins for investment is the gold American Eagle. A stunning coin, the American Eagle
features an American bald eagle on one side. The other side depicts Lady Liberty holding a torch in one
hand and an olive branch in the other.
The gold
American Eagle contains one troy ounce of 22-karat gold. The coin is quite substantial,
measuring 32.7 mm in diameter. The
coins are sold in units of ten one-ounce coins. The face value of the coin is $50; however, the actual value
of the coin is much higher than that since it is based on the current gold
value. The American Eagle is also
sold in fractional denominations. |