BUYING GOLD COINS: KEY CONSIDERATIONS
If you're interested in buying gold coins, there are a few decisions to consider before you make your purchase. How many of these considerations affect your decision to buy gold coins will be determined as much by your personal preferences as by objective factors such as value. Before you place an order, it's a good idea to start with an introduction to the options you'll have in terms of coin types, as well as primer on what you should take into account as you choose which coins to purchase.
Types of Gold Coins to Buy
There are many options available and a variety of different types of gold for sale.
Historic Gold Coins
Buying historic gold coins can be an excellent choice for those with an interest in both gold and history. Each historic gold coin embodies a particular moment in time and has a unique story behind it. Many historic coins are also a thing of beauty, having been designed by renowned sculptors and artists.
Gold Bullion
Many countries have minted bullion gold coins. The great variety of bullion gold pieces means that they vary in purity levels and value, providing a wide range from which to select the right gold for you. One of the most well-known examples of a bullion gold coin is the Canadian Mape Leaf Gold Coin, which is 99.99% pure gold. The purity and weight of bullion gold coins is often guaranteed by their issuing governments.
Proof and Commemorative Gold Coins
Proof coins are generally bullion designs which undergo a special minting process with a limited run. Commemorative gold coins may be unique coins struck to commemorate a particular event or collectors' versions of special coins. Proof coins are generally the most lustrous type of gold coin for sale.
- S&P Capital IQ - Gold: $1,900 (in 2012) "Leo Larkin, metals and mining analyst at S&P Capital IQ, thinks that $1,900 gold might not be that much of a stretch [in 2012]. 'Gold has been ..."
- Citigroup - Gold: $2,300 - $2,400 (by end of 2012) "While we remain cautious on Gold in the near term...we continue to believe that the bull market remains intact...we believe that 2012 may be..."
- Leeb Capital Management - Gold: $2,500 - $3,000 (in 2012) "I'll give you my target for gold at the end of 2012, it's going to be trading somewhere between $2,500 and $3,000. This..."
- Global Hunter Securities - Gold: $1,800 (in 2012) "'What I am looking for is a gold price of $1,800 an ounce in 2012,' says Jeffrey Wright, senior research analyst at Global Hunter..."
- US Global Investors - Gold: $3,600 (by 2017) "'People get so caught up with the next three minutes for gold and they should really be focused on the next three years,' says Frank Holmes, ..."
- Goldman Sachs - Gold: over $1,900 (in 2012) "Wall Street investment bank Goldman Sachs predicts that gold's bull run will continue into 2012 with a low interest rate environment and..."
- CNBC - Gold: $2,400 (no period given) "Gold will top $2,400 an ounce. The long-term bull market in gold marches on. Gold won't make a straight shot to a new inflation-adjusted high. As long..."
- Nomura - Gold: $2,000 (by end of 2012) "Nomura has raised its forecast for gold prices to $2,000 an ounce by the end of 2012, from $1,800 earlier. The brokerage said the low-interest rate..."
- Morgan Stanley - Gold: $2,200 (in first half of 2012) "Gold will lead a rally in commodities in 2012 as Europe's sovereign-debt crisis continues to roil financial markets, spurring demand for ..."
- UBS - Gold: $2,050 average in 2012 "[Gold] remains one of the top commodity picks for 2012 as 'most of the factors that pushed gold higher in 2011 are not going away,' according to UBS..."
- Bank of America Merrill Lynch - Gold: $2,150 - $2,200 (average in 2012) "From a technical perspective we believe that the bull trend for gold remains intact… with gold having not yet met any of..."
- TheStreet.com - Gold: $2,500 (by May 2013) "I want to own gold here. I think gold is going to $2,500 eighteen months from now... Gold has been up for ten straight years and this going to be the..."
