As one way to invest in gold, buying gold coins is still one of the most preferred choices of good investment. Gold is such a reliable item to be invested without any question, for its culture conveyed, value beheld, and safety. Seeing as a safe heaven asset, gold is restored by individuals and central banks in most countries even during good times. Histories tell us that when every currency loses its power, gold would always be there to help investors go through difficult times. There are 3 ways to invest in gold, which are exchange-traded funds (ETFs), buying stock in gold miners or associated companies, and buying a physical product. Talking about buying physical products, 3 main objects are here for choice, gold bullion, gold jewelries, and gold coins. But before we make the gold coins investment official, we have always bearing this in mind: is buying gold coins a good investment?
Is Buying Gold Coins A Good Investment? Pros!
Buying gold is always a no-wrong choice for investors, no matter bullion, gold jewelries or gold coins you invest in. Compared with other investments, like funds, stocks, or other precious metals, gold is always the most safe and steady one. Now, let’ s see some pros when you are determined to buy gold coins.
Gold coins: A Tangible Item Investors Can Actually Feel
Unlike other invisible investments, such as buying stocks, funds, or cryptocurrencies, buying gold coins is to buy something you can always and actually feel. If you want, you can even hold it in your hands or pocket any time you want. I am surely believe that the satisfaction brought by holding actual gold coins is huge and quiet something. Back in old time, gold coins are passed generations to generations as a family heirloom. And gold coins are easily to be passed on without any paperwork required,unlike other investment assets. It is still a heirloom now in some families. The weight of gold coins is the symbol of family to them, heavy and cherished.
And the value of gold coins will not be deteriorated with time like any other good investment asset, which are subject to lose their value over time. Despite the economic ups and downs, gold coins remain with stability, security, and longevity as a tangible asset.
Gold Coins: Liquidity, Safety, Steady
Just as what was mentioned above, gold coins have every benefits possessed by gold. One of the most worth-mentioned benefit is the safety and steady. The most terrifying thing for investors is that they will lose everything once the investment is done. However, buying gold coins is never in that losing badly list. It is the most safe way to hold value even to raise the value, which is a truth tested by hard time.
Liquidity is one of the strength cannot be missed. Liquidity means that you can exchange gold coins with money anytime and verse visa. Owing to the high demand, you can always check the latest market price and sell it without any hassle occur. If you don’t want to sell, you can put it up as collateral when applying for a loan from any reputable lender. But do go to a reliable dealer or association to purchase gold coins.
Is Buying Gold Coins A Good Investment? Cons!
Though gold coins’ benefits are settled in the mind of investors for good, there are still some cons in the category toward good investment. However, the definition of a good investment is not merely lies on bringing bright side of it merely. Now, let’s dig in some cons about buying gold coins as an investment.
Fee Required When Buying
First thing first when it comes to purchase gold coins is the fee. Before you buy gold coins as a investment, you need to consider the fee required. Different dealers charge different fee.
Not Safety When You Put in Home
Stealing can occur anytime if you pay no attention to it. Gold coins are not as same as gold bullion, which is put in a locker so as to assure its safety. Gold coins are not “important” enough to be put in a locker, but somehow the safety of it also cannot be ignored. But how? Obviously, other investments is not as “troublesome” as this one.
Not Safety When You Put in Home
And here comes the most tricky problem, since we make every investment to make a profit out of it. When will we earn from gold coins investment? As you can see, gold coins investment is definitively a long-term one, which means the fluctuation of it is not as sharp as other investments. So, still long time and long way to go!
All in all, whether buying gold coins is a good investment or not is all your calls. Investors are here for different reasons to judge. Maybe in some points, a good investment is not just something we can make profit from, but also something convenient to keep, to buy or mood soothing. Therefore, is gold coins a good investment? It is and it is not.