Seeing the risks associated with stock markets where prices of shares constantly go up and down with changes in the market, most businessmen have started investing in gold and silver coins. Making investment in precious metals emerged as a popular trend amongst people since past couple of decades. And one of these precious metals is Chinese Gold Panda Coin. Since the prices of gold, silver and platinum constantly rises with each passing day therefore, this form of investment is considered to be profitable and secure. With the introduction of Bullion coins that were approved by American government for IRA (Individual Retirement Accounts) in 1997, this trend gained instant popularity.
Investing in gold and silver coins or bars is both exciting as well as fruitful venture. Earlier, these metals were used for the purpose of international trades or exchanges however, with the increase in value of American Dollars, USD became an international trade commodity and a separate market dedicated to gold and silver was developed for the purpose of making investment.
The next couple of paragraphs comprise of information on gold and silver markets.
1. Gold Coin Market:
Gold coins were initially minted during 1787 in United States. In mid 18th century, the price of these coins was rated at $20/oz. By the starting of 19th century, the rates demonstrated a whooping increase of 10-30%. In 1930, these coins were being purchased at $35/oz.
In mid 19th century, FRD departments made it illegal for local citizens to possess gold therefore all the transaction were halted and gold markets were frozen for 50 years. Nevertheless, in 1980, the markets were reopened with new policies and rates. In 1980, gold was rated at $800/oz and lately, the international prices of gold reached the mark of $1000/oz.
2. Silver Coin Market:
Silver has always been a common commodity metal among industries. It was a popular metal used for designing jewelries and bars. Unlike gold, silver had a limited fortune for several centuries. It was traded at the rate of $1/oz for approximately 100 years. However, in 1960, silver minting became expensive. Consequently, the prices were increased. By the end of 1980, silver coins were rates at $50/oz.
In 2000, these rates fell by $5 per ounce. This was mainly because of pressure on US currencies and growth of Asian marketplace. Nevertheless, seeing the escalating demands of silver, the prices are expected to boost in near future. Critics predict that much more men and women will start off investing in gold and silver bullion coins.
In case you are thinking about investing in gold and silver, make certain you think about specific factors.
Always purchase these coins from reputed jewelers, recognized government units and reliable private traders only. Instead of investing in regular coins, you should focus on Bullions, jewelry bars and old coins. Always make arrangements for a purity test, before acquiring these items. Coins launched by government come with special symbols, codes and bars. Check them out to confirm their purity.
If you carefully analyze different aspects of market, investing in gold and silver coins will become easier for you.
Visit http://ETCFinancial.com/Silver/Silver-Chinese-Panda-Coins to know more about Silver Panda.
Source: http://www.articleseffect.com/are-you-thinking-of-investing-in-gold-and-silver-coins.html
superbowl commercials best superbowl commercials super bowl coin toss madonna half time m.i.a half time show kelly clarkson super bowl
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.