Wegabond

I am pleased with myself when I answered readily to this question from one of my blog readers: “Before I buy gold coins, do I have take into account the coins’ secondary market value”?

 “Of course yes”, I replied. We all face a time when we have to liquidate our gold and silver investment-right? It applies to all and even a serious collector of precious metal coins sells his possessions to enjoy the fruit of his business.

 In order to ensure that your collection of gold and silver coins (platinum coins too) are readily accepted in the secondary market, you must buy gold only from the official mints and authorized dealers of the Government mints.

 The United States Gold Bureau is the authorized dealer for the U.S. Mint. From them, you only buy 24 carat pure gold that carries the guarantee of the Government for the purity of the gold.

 Is my reply sensible enough?

The U.S. Gold Bureau is the only precious metals seller in the world that guarantees to buy back the gold coins you have purchased from them.

 The gold bureau will not ask you why you are returning your gold bar purchase back to them. They simply accept your return and sends you the money after applying their terms and conditions.

 What better source can there be for all us to buy and sell precious metals?

 The U.S. Gold Bureau, authorized dealer for the U.S. Mint also arranges to store your precious metals purchase with an independent storage service provider.

 Their ‘Gold Monitor’ newsletter is a precious resource for bullion market investors. It gets you wonderful insight on buying and selling rare coins and certified coins.

 Sign up for their newsletter now. It won’t cost you anything.

I am happy to read that the rural communities too have started realizing the value of gold coin as an investment. However, majority of the buyers still require a lot of education on bullion investing. I have heard stories of misfortunes even after buying gold and silver coins.

I have noticed that in such cases, their time of buying gold have proved to be wrong. The rural people tend to buy gold coins whenever they have money. Often, they are ill informed.

Carried away by the newspaper reports of surging price of gold, they commute to the city, go to the popular jewelry shop and pay cash to buy a gram or two of gold.

Unfortunately, their frequent financial crunch forces them to sell their hard asset at a price lower than they bought.

Since you can’t expect them to read commodity investment newsletters, the Government should take the responsibility of educating them about the bullion market.