Investors and collectors are buying gold to add to their investment portfolios. Gold is a precious metal that is bought and sold on the worldwide commodities market. Current gold prices are determined by the market values of gold. Gold has been a symbol of wealth and prosperity for centuries. The price of gold has been on the rise. While the price fluctuates on a day to day basis, the trend has been upward.
The current gold prices indicate that gold continues to be a stable investment. You can also view the gold price chart for the last six months to one year. These charts help to give you an indication of where the price has been and where it is likely to go. Many experts agree that gold is a much more stable investment than many others including real estate.
The current gold prices will help you determine the best time to invest in gold. When considering a gold investment there are two main types of gold to choose from including gold bars and gold coins. Gold coins are the easiest and most affordable way to get started with gold investing. Coins are tangible assets that you can easily store at your home. They make the perfect way to combine collecting with investing.
One of the most popular gold coins for investment is the gold American Eagle. This coin, minted by the U.S. Mint, is a modern gold bullion coin popular with investors and collectors alike. The coin features the American eagle on one side. There is also a shield with 13 stars that represent the original 13 American colonies. The eagle is an American symbol of freedom.
The other side of the coin depicts Lady Liberty holding a torch in one hand and an olive branch in the other. This is a stunning patriotic coin that has a substantial feel to it. The coin contains one ounce of pure gold. The face value of the coin is $50; however, the actual price of the coin is based on current gold prices. The coins are sold in units of 10 one-ounce coins.
The gold American Eagle is also available in fractional denominations. This makes collecting easier and more affordable. The half-ounce size has a face value of $25. The quarter-ounce size has a face value of $10. The tenth-ounce coin has a face value of $5. The fractional denomination coins are sold in units of 20 coins.