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Why Gold and Silver?
In short, there are a ton of reasons why people choose to invest in gold and silver. Here are a few:
Silver and gold mixture
This decision will depend on your budget and your desire to transport your bullion. One ounce of gold will cost roughly 90 times the cost of an ounce of silver. This can be a blessing and a detriment.
Gold: is comparatively expensive. As of June of 2019, a gold one ounce coin (about double the size of a quarter) would be roughly $1450. This means it is extremely transportable. $100,000 of gold easily fits in a pocket or a purse. The detriment to this is you must sell $1450 dollars at a time. If you need $300 dollars in cash, you cannot trade in 1/4 of your coin.
Silver: is comparatively inexpensive. As of June of 2019, a silver one ounce coin (about twice the size of a quarter) would be approximately $16. This means that it grows in size quickly. $100,000 of silver would be 6,250 ounces and 13 large boxes and would weigh more than 430 pounds. The benefit is that you can sell and buy individual pieces. For $16 you can buy an ounce of silver or sell it for cash. It makes it easily divisible.
The first thing to know when buying gold and silver is an understanding of the spot price. The spot prices of either metal are an amalgamation, a composite of the world’s future’s markets buying and selling futures contracts representing the underlying metal respectively. The market for the physical metal, such as the coins we sell in Coins and Carats, tracks this market and the base cost for trading metals in the store, whether buying or selling.
Different parts of the market trade based on different ranges from the spot price:
Come visit us and get started with as much or as little as you desire.
A very popular choice, a 22 karat gold coin produced by South Africa.
The American Eagle is the most popular coin sold at our store. A 22 karat gold coin, with some mixed in silver and produced by the United States government.
A pure 24 karat gold coin produced by the Canadian government. A beautiful design that is also extremely popular as a pure gold coin.
Gold bars produced by private companies usually carry the lowest premium per ounce over spot price and are paid the least when sold at a dealer.
A beautiful 24 karat gold coin also produced by the American Government. This coin is slightly less popular than the eagle, although it does carrier a higher price than the eagle.
Coins, such as the Austrian Philharmonic, are also occasionally available. Coins ranging from Australian Kangaroos to Chinese Pandas may also be available.
Larger bars are also occasionally available, in 10, kilo, 50 and 100 ounce bars.
An amazing gift item for every year, and an investment option for silver.
A wonderful option and our top recommendation for investing in silver.