Will Gold Coin Prices Keep Going Up?
Now that gold prices have safely gotten to - and stayed above - $1,000 per ounce, many are asking if gold can still go higher. With speculation that gold may, in the near future, reach $2,000 an ounce, some investors are thinking now is still a good time to buy. Others are more skeptical, and these people worry about prices going back down, like with the real estate "bubble."
No matter your gold coin investment strategy, now is a good time to consider your gold coin options. Which is right for you? Gold eagles? Old numismatic gold? Gold bars/rounds?
- Gold eagles are priced near bullion value and are legal tender; they also are popular bullion coins.
- Numismatic gold coins are legal tender and tend to flutuate with bullion values (in some cases), but they are also deemed collectible because of scarcity, artistic appreciation, and for other reasons which collectors value.
- Gold bars/rounds are not legal tender nor necessarily collectible in the mainstream numismatic market, but they are inepxensive ways to hold gold bullion and often are adorned with beautiful designs; some can even be custom designed or personalized.
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