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In today's age of instant online stock trading and financial accounts, money can seem so nearly fictitious. Most of us no longer consider money to be a tangible item. For this reason, thinking about investing in gold coins is always satisfying and reliable.
Advantages of Gold Coins
Gold and other valuable metals have existed for centuries of traditional investment plans. These are some of the benefits that gold coins offer:
Gold tends to rise when other investments fall, thereby maintaining your portfolio.
Gold is a form of protection against inflation.
You do not have to pay capital gains tax until you sell.
Nobody should know you have it — if that's important to you.
In worst-case scenarios, like massive currency depreciation, you can gold to overcome the liquidity crisis.
How to Buy and Keep Gold Coins?
If you decide to purchase gold coins, you should do so from a trustworthy dealer or financial institution. If you purchase gold coins from an individual or someone you don't know, have their authenticity checked first. You would not want to end up with a bunch of gold-plated leads.
Don't get overwhelmed when purchasing gold, either. Hard assets, such as gold coins, should account for 5-15 per cent of your portfolio. Most investors prefer to have the majority of their portfolios comprised of growth funds, equities, or other investments. That's an excellent way to get the ideal balance of return and risk.
Where Gold Coins Should Be Kept?
When you purchase gold coins, properly keep them in their cases to avoid scratch marks and fingerprints. If you don't have good security, don't even think about hiding gold in your home. Robbers know how to search, or they can use a metal detector to locate it. Instead, consider keeping your gold coins and other valuables in bank lockers.
Other ways of Investing in Gold Coins
There are many other investment options in gold without bringing any gold coins back to the house. You can gain the benefits of gold's inflation hedge by buying gold certificates, gold mining stock, or exchange-traded goods without carrying heavy gold coins around or confusing about where to keep them.
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