I understand you can buy gold coins over the counter at Banamex (Citi), but not sure what happens coming back into the US as far as customs.
Since the United States mints gold coins, along with dimes, nickles, quarters, etc. shouldn’t all currencies be available at a regular bank? Why does one have to go to a “coin dealer” to buy a gold coin with a premium paid?
I want to buy gold,but I don’t know if it is better to buy gold bars or gold coins.Can somebody explain my which is the difference and which of these 2 is a better investment?
I am looking for a shop which sells gold coins ni hong kong preferabbly they should have a website to.
Krugerrands are gold coins that were first minted and issued in 1967, and have been produced every year since. They are legal tender in South Africa but because of far sighted attitudes from their makers they have been imported into many countries without import taxes, duty or VAT. This has made them easily available at good prices over the intrinsic value of the gold they are made from, and therefore an attractive proposition for private gold investors.
Originally, only one size was issued, which contained one full troy ounce (31.1035 grams) of fine gold. These coins were the original Krugerrand, or Kruger, for short. From 1980, three other sizes were introduced, namely a half, quarter, and tenth ounce size. Because of these new additions, the original Krugerrand is sometimes referred to as a “full” or “one ounce” Kruger.
One of the best ways to purchase gold coins such as Krugerrands is on Ebay. Their auctions always prove that point that the value of a coin is only what is buyer is willing to pay for it, and on eBay it gets right down to the real action. Using EBay or sites like www.buycheapgoldcoins.com it is easy to search for the coins you wish to acquire. Just type whatever you want in the search box, or browse using the menus and you will view all the auctions related to the coin.
Of course, its very safe to buy Krugerrands on Ebay as long as you take the proper precautions. There are many ways buyers are protected, but the best way to determine if a dealer or individual are reputable is to look at their feedback score and you can also view the comments previous customers have left for the seller. Beacuse you are buying gold coins I would recommend that you only buy from dealers with 100% feedback, but you have to take everything into consideration. If a seller has a feedback score of less than 100% he still may be a reputable dealer. Look at the total comments left in the upper right hand corner of the auction page.
Krugers are a very attractive proposition for private investors, especially with today?s soaring gold price! The Kruger was originally made available to world bullion dealers at a 3% premium over the prevailing gold price, so that after distribution costs, the coins would be available to investors in quantity at about 4% to 5% over intrinsic gold values, and possibly 10% premium for single pieces. This means that you will generally pay a higher price from a dealer than you will from EBay ? and remember you shouldn?t be concerned about the aesthetics of the coin ? its value is in the gold it contains, not how it looks!
With today?s rapidly rising gold price and turbulent stock markets, coins such as The Krugerrand are a very safe long term investment for individuals. For example if you had bought a Krugerrand on the first of January 2008 it would have cost you around $846 ? the same coin is now worth over $1000 just 6 months later, and predicted to go as high as $1100 by the end of the year ? that?s a whopping 30% growth for the year.
Why are gold coins better then gold bullion?
1. Gold coins can appreciate at a faster rate then gold bullion.
2. Gold coins are exempt from confiscation by the U.S. government.
3. Gold coins can gain value at a faster rate then gold bullion because they have a limited mintage. Gold bullion is mined continuously throughout the world which increases the supply offsetting demand which can result in lower price gains.
4. Gold coins gain in value because investors want assets that are non reportable. Gold brokerage firms are not required by law to report gains you experience to the IRS the way your stock brokerage firm or bank are required. Since we can not tell you not to pay your tax on the gains, we recommend telling your accountant.
5. Gold is gold. Gold coins are a true form of portable wealth. You can take your gold coins anywhere in the world & liquidate them.
The moral of the story, buy gold coins before considering gold bullion. You will make money, safely. For more information on gold coins as an asset acquisition option got to http://www.goldcoinsgain.com.
Gold is the ultimate asset.
I am a gold coin collector and would like to know where I could buy gold coins from. I’m interested in Australian, Canadian, Chinese, American, ect. coins.
Do you know where in the Philippines I could buy them? Possibly the Central Bank?
Gold coins are not the invention of today’s world. They are used from many centuries and are still quite popular. The story of gold coins started way back around 2,700 BC when the first gold coin was invented by the Egyptian pharaohs. But at that time, these coins were used as gifts and not as a part of commerce. After some centuries, the first gold coin was issued in Lydia around 640 BC. After that, for a long time, gold coins were used as a proper form of currency. But in the early 20th century, most of the countries in the world stopped making gold coins as currency. Today, they are not used as currency and hence are not circulated but are one of the strongest means of investment. There are different kinds of gold coins available today all over the world. These types include American Eagles, South African Krugerrands, Australian and UK sovereigns, Canadian Maple Leafs, and the Chinese Pandas. If someone is a beginner and want to start his/her collection, then the best coins to buy are the American Eagles or Australian and UK Gold Sovereigns, because they are the most common ones and have a good resale value. Also, there is no fixed weight or size for these coins. The price is calculated from the coin’s value and weight which is completely dependent on its size. Today gold coins are used as a very profitable way of investment, as in the time of slow down, people prefer investing in gold rather than other valuable things. This is because the value of gold remains high and stable even in the situations of economic slowdown. For this reason, gold coins are referred to as a sensible investment. Moreover, a majority of the countries across the world maintain their national worth by creating reserves of gold. Before buying gold coins, an ample amount of research must be done by the user. Searching on the internet about different type of gold coins available in the market, analyzing their gold content, and other factors that add value to its price so as to make it clear that the coin is worth its price are just a few of them.
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