Buying Gold Coins; Is it a Wise Investment?

I told you in my last post about paying yourself first and I focused on investing.

Now I want to make you aware of a few things concerning buying gold coins.

Cost

When you buy gold coins as opposed to bullion bars, the coins are more expensive .Why? Because these coins cost more to manufacture. While this is a bit of a drawback, the befefits of owning them far outweigh this one minor challenge

Collectibility

Gold coins hold numismatic value, or collectability as well as the value of the metal itself. So, if you are
buying gold coins in order to build your collection, you will want to keep date in mind. The older the date, the more valuable the coins are. A good example of a collectible coin is the American Eagle Gold Coin. (Pictured here)

Preserves Wealth

Another benefit of buying gold coins is its ability to preserve wealth. You
see, unlike stocks which can drop rapidly overnight due to human reaction, gold coins
can protect your wealth and often grow it. And one last thing to keep in
mind when considering buying gold coins is the liquidation factor. You see, as an asset, gold coins are the easiest to sell. And often, gold coin collectors will buy a coin, let it go up in
numismatic value, then turn around and sell it.

So, if you are considering buying gold coins, I believe that you would be
making a wise investment. Especially when you consider the rate of inflation
that we are experiencing now and might in the near future

Yours in investing, 

Teresa Blaes

PS.  Stay tuned to this blog, and I will outline the steps that you need to
take when buying gold coins.

PPS. Also, if you have any thoughts, please feel free to leave a comment below.