How Much Do Gold Coins Actually Cost?
How much do gold coins cost is a question that our clients ask us every single day. The value of gold fluctuates hourly.
When you buy gold coins online, you will also pay for the firm’s markup, known as a premium, as well as shipping and sometimes insurance costs. Because of these additional costs, it can take awhile before you recoup the value of what you have spent. A reputable precious metals advisor will explain this to you in very clear detail. Be wary of those who hide this information from you.
Gold has been rising in value over the last five years. In fact, gold has risen so dramatically that many customers have nearly doubled the value of their gold portfolio value.
According to the U.S. Geological Survey, of the 193,000 metric tons of gold discovered to date, 62% is found in just four countries on earth. All the gold discovered thus far would fit in a cube 22 meters on one side. Twenty to thirty percent of this is held in bank vaults and the balance, 70 to 80 percent, is mostly held privately in the form of jewelry, coins and bullion.
It is quite likely that gold will continue to rise and that, even though buying gold coins now while gold seems 'high' may not look like a good idea, gold is something that has traditionally held its purchasing value for over 100 years. It seems it is the dollar that will continue losing its purchasing value. It makes sense to add to one's own gold ‘reserves’ for the long run.
Remember - “Take care of your money and your money will take care of you.”