Gold Investing in 2014

Rate this post

If you are interested in starting precious metals investing, gold is one of the best options out there for you. With gold, there is more demand for the metal among other options, and it tends to be the most valuable. While the prices for gold metal does fluctuate a lot throughout the year, the prices have remained mostly steady in the previous years and the outlook looks very good for 2014 and 2015. Experts believe while it has been a bit low in 2013, this will turn around between spring and summer of 2014.

The History of Gold
Gold has been around for thousands of years, and used as currency for over 2,500 years all over the world. It is one of the most treasured precious metals across the world, with just about every country using it either for jewelry, currency or in different industries, like automotive and manufacturing. At one point, the amount of gold someone had on their person dictated how wealthy they were. While the gold market has changed a lot over the years, it doesn’t change the fact that it is a great metal when you want to start investing in precious metals.

Gold Coins
The first way to invest in gold is by choosing rare gold coins. A dealer will tell you how much it is worth based on their grading process. Grading goes based on a variety of factors, including its rarity, current gold prices and many other details about the coin, including its quality. Since gold coins have not been made in the U.S. since the 1930s, just about all gold coins are considered rare to some extent. Though the overall value of the coins is dependent on exactly how rare they are. Supply and demand says how much any type of gold coin is worth, so if there is just 5 known gold coins of that variety, it is considered very rare, and thus the price for that coin goes up. However, if there were over 5,000 of them made, the value is much lower. It is vital that when choosing a dealer, you go with one that has an excellent reputation and has been around for a long time. The longer they have been around, the more evidence there is of their honesty and value in the gold coins market.

You can also invest in bullion, which is purely based on the weight of the gold, as compared to the current gold prices. It is generally easier for beginners to the precious metals market to choose bullion because there isn’t much research that needs to be done, as there is with gold coins. However, it can also be harder to store, because the bullion bars are quite heavy and take up more space than with the coins. Bullion starts at one ounce and goes up from there. Most bullion is in bars, but they also have it available in other forms and shapes, like coins.

Investment Tips
If you are interested in investing in gold as your precious metal of choice, start by looking at the current market trends. Experts can provide you with valuable insight on where the gold market is going. Like other investment strategies, buying when the price is low and selling when the price is high, is the best and safest way to go. But also keep in mind that precious metals investing is a long-term investment strategy, not one for those who simply want to buy and sell at a rapid pace. Also look at other precious metals available for investing, like silver, platinum and palladium.