Buying Gold Coins: Why It Makes Sense

For a long time now, I have been interested in investing, but have not been able to move forward with it for several reasons. That was until I discovered buying gold coins.

buying gold coins is an easy way to start investing, and overcomes most of my investment issues.

First, I do not have a lot of money to invest. I have basically started out with nothing. Most of the investments I looked at are extremely expensive to get into. For example, real estate investment requires thousands of dollars to get started. When the price of entry is so high, it limits the number of choices available. While gold itself is expensive, almost a thousand dollars an ounce, silver is fairly inexpensive. You can get started for less than $20.00.( at the present time) this allows you to start small and build up gradually. As your investment grows, you can convert some of the silver to gold.

I don’t mind some risk and I know that there is no such thing is a risk-free investment. But even I have my limits. I want something that is going to grow steadily over time. And it has to have a decent return. Most “ safe investments “ such as savings accounts, certificates of deposit, etc. provide minimal return. For the most part Buying gold coins is a low risk investment that will grow over time. It will fluctuate from time to time but will gradually increase in value.

Most long-term investments are not liquid, which means they are not easily converted into cash. For example individual retirement accounts, IRAs have a significant penalty if you withdraw any money before the age of 55. While I’m concerned about retirement, I’m more interested in building wealth now. Gold and silver coins are extremely liquid, and easily converted into cash. If you have to cash out some of your investments, the only thing you will lose is the increase in value that would have happened, had you kept the asset.

Please understand, I am not an expert investor, or a broker. And this is just my opinion based on my research and values. For me, buying gold coins make sense, and I will continue to do it.  I hope over time to share with you more information as I discover it. In addition I will include any resources I find to help you educate yourself concerning buying gold coins. My best advice is to read the information here and make up your own mind.

Caution! Don’t make rash choices concerning this type of investment. Move into it gradually. It’s not a sure thing.

Yours in Investment,
Michael Blaes

PS. Please share your thoughts by clicking the comment link below, even if you disagree with me. If you disagree, please tell me why.