Sunday, August 29, 2010

Buy and sell gold

While gold is a generally good investment, the reason why I think certified gold coins are better than random jewelry is the "sellability".

It's easier to authenticate such coins. They are backed by a certifying body and they contain a specific weight. I don't know about you, but I for one am no expert when it comes to "looking" at precious metals and trying to determine if they are genuine.

Also, companies who sell such coins also buy coins. Like US Gold Bureau. It's like this, you buy at the current rate (at the time that you are buying). If you want to sell, they also buy it at the current rate (at the time you are selling). So if you are savvy enough, you can monitor prices of gold and make a good profit.

Or you can just simply keep them for such a time in the future that you need to liquidate them. Or give them as a gift or legacy to your children.

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A part time ophthalmologist, part time micro business owner, part time graduate student and FULL TIME MOM struggling to find balance in the confusing world of multitasking :)