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November 23, 2009 - Successful gold investing can be done in many ways, but since so many of today’s gold investors are new to the market we should reserve a few minutes to discuss the basics. To engage in successful gold investing, it is crucial that you and your gold broker clearly understand what your investment plans and goals are. By knowing how you plan to use your gold, your broker can correctly match you with the type of gold investment that would fit your portfolio.

Investors who plan on a short-term profit-seeking venture should consider a gold bullion investment, because gold bullion products carry low premiums that could be overcome quickly if the gold spot price continues to rally. Gold investors who plan on a long-term hold, and investors who plan to focus on preserving their wealth and possibly growing it over a long period of time, may be more successful with certified US coins that were minted prior to the historic gold confiscation.

In 1933, our government confiscated all the gold bullion and certificates in circulation and in the hands of private citizens. Our government seized the gold to defer our heavy national debt and ease the Great Depression. Many economists believe that our government may confiscate gold again, and in that case, historic US coins that have been certified as Mint State by PCGS or NGC would most likely not be confiscated.

If you are new to the gold market and want to learn more about successful gold investing, get one of the limited copies of our 2010 Insider’s Guide To Gold Investing. You can receive this free tutorial electronically or by calling our toll-free number. 

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Stewart Lawson

Senior Staff Writer - Gold-Investment.info