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Set Includes: 2006 $50 Gold Buffalo – it’s not often that we can call something a real milestone. But the release of this 2006 $50 Gold Buffalo Coin is a unique opportunity to own not only the first $50 Gold Buffalo ever struck by the United States Mint, but also the first 24K gold coin in United States Mint history. Measures approx. 1.26″ in diameter and contains approx. 1 oz. gold bullion. 2001 Silver Buffalo Dollar – authorized to commemorate the…
Gold (pronounced /??o?ld/) is a chemical element with the symbol Au (from the Latin aurum, meaning shining dawn) and atomic number 79. It is a highly sought-after precious metal which, for many centuries, has been used as money, a store of value and in jewelry. I highly recommend buying the 1-Oz Gold Bullion Bar (instead of the 10-Oz). You will enjoy the look of one bar when you hold it in your hand. Trust me!
The 1 Oz Gold Bar Pamp Suisse can be purchased from the comfort of your own home, without having to travel all the way to Switzerland. You can purchase this fine gold bar directly from the internet and save both time and money. Okay, now that you have an understanding of how to buy it, the next step is finding out where to buy it.
You have overheard luscious reports from some of your investor friends that taking gold is a good way to plump up one’s investment portfolio. They’re actually telling the the truth and not just luring you on to invest on a commodity that glimmers and shines.
You also found out that they are essentially buying gold bars through the web. Is it already that simple? Taking gold bars online is more cost effective since you purchase by the volume. As an example ten troy ounces worth; this purchase has a smaller mark-up cost over the gold spot price.
Now that you can’t wait to search the Net, be on the hunt for fraudsters. There are convincing sites that offer not just the Pamp Suisse Gold Bullion Bar but different types of gold bar products from different nations as well.
Buying online is advised if you really would wish to get hold of the gold bar at the least possible time – approximately 10 to 21 days. You should also consider storing the gold bars in a more secured place and not just allow it to lie around your house as an ornament or if you belong to the rich and the famous, as paper weight.
Even though this method of acquiring gold bar products is more convenient than traveling to far places, be vigilant enough when you buy a Pamp Suisse Gold Bullion Bar since not all that glitters is Gold.
Let us first understand why you should be investing in Gold.
Investing in Gold provides a sense of security as it is tangible unlike many other financial products which are intangible. Gold prices are purely determined by supply and demand and less likely to fluctuate wildly. There are many time tested advantages of having gold as an investment:
Diwali is an auspicious time for buying Gold and it should be used wisely to invest. But there are many ways to invest and it can be a daunting task. Let us see the pros and cons of the options you have:
Jewelry: It is one of the oldest forms of investment which also has some amount of pride and honor attached in Indian families. It is something you can use and enjoy but at the same time it keeps appreciating in value. But the price of jewelry is usually marked by anywhere between 20 to 200% depending on the complexity of design. This makes it unattractive as an investment.
Gold bars and coins: Gold coins and bars are increasingly becoming popular not only as investments but also as gifts. But they have to be physically stored which can be a security nightmare. You might have to incur extra cost in renting a bank locker or insuring your possession. Moreover you have to be careful about adulterated and fake ones. There can be a substantial difference between buy and sell rate of gold coins and bars.
Electronically traded Funds: More popularly known as ETFs are open-ended mutual fund schemes that invest the money collected from investors in standard gold bullion (0. 995 purity). The investor’s holding is denoted in units, which is listed on the stock exchange just like a share. It is expressed as NAV (Net Asset Value) which represents the price of one unit (equivalent to 1 gram gold) on that particular day.
These are many advantages of ETFs vis-à-vis physical gold when seen from an investment perspective:
a. No need to worry about the security and storage
b. No need to worry about quality of the gold
c. No need to worry about resale as the exchange provides comfortable liquidity (just like shares)
d. No making charges
e. You can invest very small amount of money (minimum 1 unit) which is not possible in case of jewelry and coins/bars.
f. No wealth tax. Long Term capital gains just after 1 year whereas it is 3 years in case of physical gold.
Also check our articles at rediff. com at rediff get ahead section.
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