Best Gold Coins

December 9, 2009 – Many investors have asked my opinion of the best gold coins to store within one’s portfolio, and while I am almost always willing to shout my opinion (sometimes even when I am not asked), there is no definite answer to this question. If you are new to the gold coin market and would like to learn the basics before getting started, click here or register below for the 2010 Insider’s Guide to the Best Gold Coins.

You must determine what you want to get out of the gold market, and that usually boils down to either short-term profit or long-term wealth preservation. Here are the general guidelines to follow for these two gold investment strategies.

Best Gold Coins For Short-Term Profit – A short-term gold investment is defined as 14 months or less, and this type of gold investing is considered technical trading or “day trading.” The investor must keep a very close eye on the gold market’s conditions in order to purchase when spot prices are “low” and sell when spot prices reach one of their yearly “peaks”. Some of the most popular gold coins for short-term profit potential are the 22-karat American Eagles and the South African Krugerrands along with the 24-karat Austrian Philharmonics and Canadian Maple Leaf coins.

Best Gold Coins For Long-Term Wealth Preservation – These coins tend to profit when gold bullion coins profit, but gold coins for safety-oriented investors also gain numismatic value over time. Some of the most popular products for long-term preservation potential are the 22-karat Saint Gaudens Double Eagles and Lady Liberty Double Eagles. Long-term gold investors typically hold their coinages for more than 14 months and generally longer than three years. These coins are completely private and an excellent way to privately store wealth.

To learn more about any of the gold coins mentioned above or if you have questions about the gold coin market, call our toll-free help desk or register below for the most updated information on the gold coin market. 

Kevin Johnson

Senior Staff Writer – GoldCoin.net