Choosing to buy gold is a great way to add some diversification to your portfolio. Both gold coins and gold bars are wonderful types of investments, but you need to make sure that you know the gold price and that you have a good dealer before you start to buy.
If you are going to buy coins, you will want to choose bullion coins. The bullion coins have the backing of the government, they will never be worth less than their face value no matter what happens to the gold price, and you will usually be able to make a great profit with them. Do not buy rare coins as an investment unless you are a rare coin collector. The things that make the rare coins valuable are far different from what most investors are accustomed to with their bullion coins. Some of the best coins for investors are the American Gold Eagle coins.
Buying coins is easy, and a wide variety of places exists on the web that offer these coins for sale. You may be tempted to visit your local coin dealer to see what they have to offer. There is nothing wrong with this, but you do not want to get your hopes too high. Most of the dealers are specialists in rare coins, and they will simply not have all of the bullion coins that you need. The Internet is the best and simplest way for you to find the gold coins that you need for your investment.
When you choose a company that is on the web, you will have a large variety of coins that you can choose, and you will be able to find other metals besides just gold. You may even decide that you want to buy bars rather than coins. The choice is yours, but you need to be aware that the coins are more affordable for most people than the bars are.
Choosing a company on the web is easy. Check to see how much experience they have selling and how long they have been in business. You can check to see what other investors think of the company too. The company you choose should also have a customer service department that will be able to answer your questions. Compare their gold price to other companies and make sure that you are getting a good deal.