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In the face of economic uncertainty, a lot of people turn to gold as a way to protect their wealth from the ups and downs of the stock market. While gold reliably maintains its value, especially on the international market, like any investment you should think carefully before you buy in or sell out. Coins & Stuff, a rare coin dealer and bullion dealer in High Point, NC, recommends considering the following before you buy or sell gold:

  • Gold's Value Is Tied To Political Events: In uncertain times, the value of gold tends to go up. However, when things are going well in economic boom periods and times of peace, the value of your gold might go down relative to other investments.
  • Paper Gold Shares Are Volatile: Most gold traded on the market is actually in the form of paper, representing a promise to deliver gold in the future. However, the prices of those notes often don't reflect the actual value of gold, so buy bullion or coins if you want the most stable investment.
  • Go Long: Gold is best viewed as a long-term investment. If you're trying to buy and sell it to make a profit in the short term, you'll likely wind up losing out. Production is lower than demand, and many gold products are no longer being recycled, which means that, despite price swings, gold should continue to rise in value.

Visit Coins & Stuff online to see a complete list of their services, call (336) 885-5323 with any questions, or just drop by the coin dealer shop in High Point. 

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