Saturday, January 2, 2010

GOLD COIN INVESTING

If you know anything about collecting coins, you know that commemorative gold coins are among the most popular designs. They remind people of the past, hence the term "commemorative."

Because there is so much potential for variety, commemorative coins vary greatly in value. Coins which are overproduced, such as Barack Obama and September 11th, are low in value, unless they are made of gold!

The term, "golden touch" makes you think! What if you could turn something to gold just by touching it? To give you an idea, gold right now is just over $1120 per ounce! Other than the sheer weight of the coin, these coins also have high value to collectors.

In general, most of the valuable gold coins are American. This can partially be blamed on Americans' willingness to buy anything! Or, should I say the potency of the American salesman?

Regardless, its important to remember that when you buy any gold coins, you are betting against the future of the world. The biggest factor known to influence the price of gold rapidly is a world crisis. Ever since September 11th, the price of gold has skyrocketed.

When thinking about investing in gold, ask yourself: Will there be a major war in the near future? If the answer is yes, then invest in gold!

If you manage to not be in a country that's getting attacked, sell your gold after the prices skyrocket. Because of the crisis, the future of the world will be in question. As a result, prices will rise and the gold you own will rise in value. If you find a buyer, you've just earned yourself a pretty penny!

Its important to note that factors like this are highly improbably and not the best long term investing plan for your average investor. Remember, its your money! Maybe you should just go shopping...

For more information on betting against the future of the world by buying gold, check out some of these high value gold coins.

Article Source: http://EzineArticles.com/?expert=Jack_Diamond