Gold Investments to Avoid

There are a number of excellent ways to invest profitably in physical gold and there are gold investments to avoid. Gold bullion bars from internationally recognized producers and gold bullion coins produced by the United States, Canada, Australia, and Austria are all cost effective means of finding short term profit in the gold market. Certified rare gold coins can be an excellent long term investment and protection again another confiscation of gold assets.

Some gold investments to avoid have too little opportunity for profit. One of these is the purchase of certified modern day gold coins. Modern gold bullion coins are produced in huge quantities and are meant to be a means to own gold bullion. In 2009 alone the US Mint sold 1,315,500 one ounce American Eagle gold bullion coins. Since the beginning of the American Eagle series in 1986 over 16,000,000 ounces of gold bullion coins have been produces in tenth, forth, half, and one ounce sizes. These coins are not rare!

Also there is no need to authenticate or grade American Eagles, Canadian Maple Leafs, Austrian Philharmonics, or any of Australian gold bullion coins. They are what they are, gold bullion with no rarity value. Paying for certification just reduces the profit when buying and selling gold bullion products.

Other gold investments to avoid are truly obscure coins. Certified investment grade rare American gold coins have a market and have recognized values. Although the rarest of these coins may be somewhat thinly traded because of their high cost they can be sold, often for extensive profits, after holding them for several years. What the investor does not need to do is pay a lot of money for a coin that no one knows anything about and no one cares about. A gold investor looking to profit from rare gold coins is best served by avoiding coins out of the American certified investment grade gold coin main stream.

If you have questions about the advisability of purchasing a certain coin contact our gold experts at 1-800-300-0715. After asking a couple of questions about your gold investment needs they will be able to help you understand which gold products are best for which investment purposes.