Gold bullion is almost always the best type of gold for the short term investor in physical gold. Gold bullion coins sell for as little as 2% over the spot price of gold and gold bullion bars can sell at an even lower premium. The gold bullion market is very fluid and internationally recognized gold bullion products have a ready market for purchase and sale. On the other hand, because of the ever present risk of gold confiscation, gold bullion is probably best limited to a short and medium term investment vehicle.
Dealing with a reputable dealer is important in choosing products for short term gold bullion investing. Although gold bullion coins can trade for as little as 2% above the spot price of gold, Canadian Maple Leafs and Krugerands typically trade at 5% over spot and the American Eagle around 6%. Chinese Pandas can sell for as much as 12 to 13 % over spot price. A reputable dealer will help you find the most cost effective means of short term investing in gold and not consistently try to sell you the most expensive product.
There is risk in every investment including gold bullion for short term investment. Watching the gold market and coming to understand its trends is essential to success in short term gold investing. Gold bullion sells today for roughly four times its cost ten years ago. Because of the ups and downs in the gold market in the last ten years short term investors have potentially been able to gain more than a fourfold profit on their investment of ten years ago. This is largely because of the fluidity of the gold market where pricing is available twenty-four hours a day when the markets are open.
For more insights into smart gold investing look at the articles below and then call one of our gold experts at 1-800-300-0715. We will be glad to help start you on the road to smart and successful gold investing.
