Wayne, New Jersey
1400 Willowbrook Mall, Unit 5589
Wayne, NJ 07470
201-628-4800

Top 5 Gold Buying Tips March 1, 2018

Wayne, Passaic
Top 5 Gold Buying Tips, Wayne, New Jersey

If you want to get started in the gold buying market, you’re not alone. In fact, many people across the country are beginning to see the value of this investment—and how it has the potential to grow in future years. However, getting started isn’t always easy, especially if you’ve never purchased gold or silver coins before. 

Investing in Coins? Follow These 5 Gold Buying Tips

1. Physical Gold

gold buyingPurchasing gold provides insurance if the current monetary system were to crash. However, buying it on paper won’t help you if that happens. Instead, you should always purchase physical gold, such as bars, numbers, and hallmarks.

2. Direct Ownership

Similarly, you should have direct ownership of your gold. If you purchase small amounts, such as in the form of gold coins, keep it in a safe place nearby. If, however, you choose a storage company, make sure you remain the owner of the gold.

3. Savings

If you want to purchase gold, never do so with credit. Instead, save up enough money and purchase your preferred amount. This is because the market is unpredictable and you may have to pay back the debt before the price of gold rises.

4. Storage

As you accumulate your savings, you may choose to purchase more gold than it would be advisable to keep with you. In this scenario, it should be stored with a storage company in a safe jurisdiction, such as Switzerland.

5. Amount

Finally, you should ensure you invest the right amount of gold. As a rule of thumb, only invest money you won’t need for the next five years. This gives the gold a better chance to rise in price before you need it.

 

If you’re interested in gold buying, turn to the professionals at American Coins & Gold. With six locations throughout New York and New Jersey, this rare coin dealer will help you get started. Contact a friendly team member today at (908) 575-9400 to learn more about their services, or follow them on Twitter for news and updates.
Other Announcements, Events and Deals from American Coins & Gold
What Determines Value in the Silver & Gold Buying Process?, Wayne, New Jersey
From analyzing inflation rates to evaluating supply and demand, there are many things to consider when putting a price tag on precious metals. American Coins & Gold, serving cust...read more
The Top 3 Rare Coins You Might Not Even Know You Have, Wayne, New Jersey
At this point, change tends to be something kept in the car, or perhaps dropped in a jar with the intention of cashing it all in or saving it for a later date. It might be worth look...read more
How to Tell If You've Found Rare Coins, Wayne, New Jersey
Whether you’re an avid collector or not, rare coins are an exciting discovery. Not only are they an interesting find, but they’re a profitable way to make the most of your pocke...read more
How Do Rare Coin Appraisals Work?, Wayne, New Jersey
Here at American Coins & Gold we love when we are able to tell someone their rare coin is worth some serious cash.  It all begins with a no obligation appraisal process whic...read more