Archive for the ‘Finance’ Category

Investing in U.S. Gold Coins

Saturday, February 13th, 2010

Before there was paper currency there were gold coins. Today, most consumers rarely ever see a gold coin because these tend to be worth far more than the face value that is minted into their surface. Even modern, investment grade US gold coins are going to be worth much more than their face values.

It helps to understand, however, that there is often serious confusion about collectible coins and investment-quality coins. Where U.S. gold coins are concerned, it all starts with the gold. Is the coin plated? What sort of gold is it? Is it made of 24 karat gold? Is it pure gold? Only those coins that have pure or bullion-quality gold are the kinds to purchase for investment.

Currently, there are two very well-known types of U.S. gold coins regularly bought and traded strictly for investment purposes. They are the gold American Eagles and the gold American Buffalos.

The American Eagles come in a variety of weights that vary from one full ounce of pure gold to one-tenth of an ounce. Each weight has a face value assigned to the coin as well, with values ranging from fifty dollars down to five dollars each. Obviously an intelligent investor will never use the coins as currency, but the fact that they are ensured against total loss by the face value can only be seen as an added bonus.

The gold American Buffalos are available only as fifty dollar pieces in the full one-ounce weight. Both of these varieties of U.S. gold coins are considered to be savvy investments and a very portable way to increase wealth.

 

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How to Find Gold Price Quotes Easily

Saturday, February 13th, 2010

Are you an investor that is thinking about buying gold? Do you already have a collection of gold, in either bar form or in some of the various types of gold coins on the market? If either of the preceding applies to you, then you will want to be able to find gold price quotes easily. This will give you all of the information that you need to know when it comes to finding the right time to buy and sell your investments.

Fortunately, you will be able to find these gold price quotes quite easily and in a number of different places. One of the first places that you can look is in the financial section of your daily newspaper. Among the stock quotes, you will be able to find the price quotes for various types of precious metals, including gold. This will allow you to see the current price of gold, so that you will know whether it is the right time to buy or sell.

Another option would be to cruise the financial channels on the television. Some channels are dedicated to financial programming, and you can find tickers on some of the other news channels.

However, you will find a better way to get your gold price quotes, a way that is much easier and far more convenient. You can find online sites that offer live gold price updates throughout the day. This is one of the best ways to get accurate information.

 

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How Much Is My Gold Coin Worth?

Saturday, January 23rd, 2010

Because one is probably never going to see an actual gold coin in circulation, many individuals don’t know their actual value. The fact that they are stamped with denominations makes this a bit more confusing. After all, any amount of gold large enough to be handled comfortably would obviously be worth much more than the $10 that some of these coins carry as a face value. The valuation of these coins starts with the metal.

Among rare and precious metals, gold is one of the rarest and most precious. Most of the gold in the world has already been mined and this material has numerous practical applications, aside from its use in economics. The gold contained in a coin is a principal measure of its worth. The gold in a $10 coin, for instance, may well be worth over a couple of hundred dollars. Nevertheless, coin collectors do not choose this type of bullion simply because of the metal.

The coin design and origin will determine much of the value. An extreme, but very easy example would be comparing the value of a 1 oz contemporary gold coin and a 1 oz gold coin from ancient Rome. The latter would obviously be worth much more, even though the materials are identical. Ironically, because most of the gold has already been mined, the gold contained in contemporary coins could very well have been used in ancient coinage, as well, an intriguing aspect of this precious metal.

 

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Pay Yourself First

Thursday, March 19th, 2009

Faculties don’t teach thrift: university, school and junior high; our system doesn’t place a high concern on frugality. We should put money aside constantly employing an easy system pay yourself first. As an example, when you pay your application bill, pay yourself first. I’ve spoken to folk who have mastered saving money who became very rich. Most of them have had to make tricky choices to pay the telephone bill or savings account? Every one of them selected to pay themselves first.

They got on the telephone with the telephone company to buy time and arrange a payment schedule. Work out a way, but pay yourself always. You have to pay yourself first, or you can barter away your savings. You wish to have at least half a year of routine expenses, liquid. Savings is cash you put aside that you never spend.

Finally, you can invest it, generate passive revenue and get out of the daily treadmill. Ten percent pay off any debt you have (and commit to not run up more debt). After you get the ball rolling, you can move your savings into a CD, and then shift it again into something with stronger returns. Your 1st goal is to live on 90% of your revenues. The average Yankee lives on 110 % of his takings. Another, separate, prong of this saving method is to tithe another 10 %. It might be given to your church, the Red Cross, Habitat for Humanity, or any other organization you would like to benefit. To my mind, we owe it to our community and one another to be responsible and giving stewards of our cash and do good in the world. I inspire us all to include tithing into our savings plan of action.

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