With all of the fluctuations in the stock market and the world financial system, now is the time to explore other investment options. Buying gold coins or gold bullion is a great way to store value because gold is easily transferable and is accepted throughout the world. The price of gold is steadily increasing as evidenced by the amount of Web sites offering to pay cash for gold.
The purist forms of gold are between 0.90 and 0.9999 fineness and are classified as gold bullion. In addition, only certain weights of gold classify it as gold bullion. The unit for measuring gold has recently shifted from the ounce to the gram. Bullion can be purchased for the going price of gold plus costs of shipping, fabricating, and refining.
People interested in purchasing units of gold bullion can buy either bullion coins or gold bars. Many companies, governments, and banks purchase gold bars. Companies in the manufacturing, arts, or electronics sector may actually have a use for the gold within their manufacturing process.
Purchasers who have no use for the gold bars may find that liquidation is costly. Handling, refining, and assay fees that may be incurred by the seller during the transaction. Trying to sell large bars may be more difficult than selling gold in a more convenient size such as a coin. Usually, only large dealers will purchase gold bars. It is difficult to find a private consumer who will purchase these bars. More private collectors will purchase gold in the form of coins.
There are many reasons to buy gold coins. Rare coins are a precious commodity and offer a great investment for several reasons. Gold coins minted prior to 1933 are available in a limited and fixed supply and they are considered collector coins so by law they are not subject to seizure. The coins can be sold for double or triple the price of gold bullion.