4 rows of coins arranged in ascending order with selective focus and blurred background. Growth concept.
We are all more than happy to see the end of 2020 and hopefully, the end of the COVID-19 pandemic is almost upon us and we can get back to some form of normality. One aspect of the pandemic is how it affects the global economy, with every industry suffering and many small businesses folding. In these troubling times, it is wise to diversify your investment portfolio and if you have chosen gold coins,
here are a few tips to ensure you make wise choices.
Do Your Research
Start by using your best friend, Google, to research gold coins and to know which coins to acquire. The globally recognized gold bullion coins include the Britannica, the American Eagle and the American Buffalo and these are as safe as it gets, while you could move into the rare gold coins arena, which is a specialized field that would require a lot of research. A few hours of online research over the weekend would see you with a good understanding of the history and purity of gold coins, then you can think about acquiring the coins. Are you looking for a long-term or short-term investment? Or it might simply be to minimize risk, as gold is very stable. Define your goals and then research gold in all forms and the markets, before making an acquisition.
Online Solutions
Fortunately, there are established, reputable gold coin dealers Brisbane investors go to where you can buy coins with ease. These dealers can easily be found with a Google search. You are advised to take physical possession of the gold and the bullion dealer’s offices would be the ideal place to do just that. Once you have forged a working relationship with the bullion dealer, you can use the many resources on
their website and can buy or sell at the click of a mouse. It is important to keep your eye on the spot prices for bullion coins, so bookmark the dealer’s site and check daily to see how your investment is doing.
Buy Now
The volatile global markets are a sign to take your wealth out of fiat currencies and put it into gold, which is as stable as ever and will likely see a spike in price sometime this year. If you invest in gold bullion now, 2021 could be a very profitable year and with so much uncertainty regarding COVID-19, investing in gold makes perfect sense. Take a look at how gold performed in 2020 and you’ll see a rise of
around 24% and this year is predicted to see a further spike.
If any of your existing investments are on shaky ground, perhaps you should turn the asset into gold coins and if you are already investing in gold, a further investment would be a wise move to make. Gold has always been the very foundation of global wealth and that isn’t likely to change anytime soon and with the risk of currency devaluation, the dollar is not a good currency to have in your hand right now.
