Advantages of Buying Gold and Silver Coins

By: Garett Tarbell

There are a lot of advantages to buying gold and silver coins. According to most bullion buyers in the country, they like gold and silver coins for these particular factors:

A sound investment. Purchasing gold and silver coins is one of the most secure and profitable moves when it comes to value. Unlike real estate, stock market and other things that you may invest on, gold and silver hasn't depreciated at all in the last few years. It is even getting a lot more value. During the last 5 years, the amount of silver went up from 15 US Dollar per ounce to 35 US Dollar per ounce.

Unaltered by any currency devaluations. People depend on cash as their main possession, wealth and treasure, but there are risks far more than being bankrupt or being robbed, it is the devaluation of your cash. The dollar has been devaluating and the prices of goods along with other simple commodities are going up. So we have to make sure that we have something to depend on when our economy goes from worse to worst.

Handy. When compared with gold and silver bars and should I say other investments as mentioned above, Gold and silver coins are literally handy. You can easily store and hide it. Not to mention there are some states in the United States (South Carolina and Utah) that already accredited as gold and silver as money. The states of Tennessee, Iowa, Georgia, Colorado and Minnesota are also exploring it as a new currency option.

Easy to buy and sell. Buying and selling gold and silver coins is as easy as getting a cellphone in an electronic shop and as easy as the electronic shop selling a cellphone. It is simple to buy and sell gold and silver coins in any of the nearest pawn shops, money changer as well as online. eBay is one of the several options to purchase and then sell gold and silver coins online.

Flexibility. There are changes in each of the major countriesí economy like the United States. Buying gold and silver makes you confident that even if the economy of your country collapses, you still have the right stuff to buy your basic necessities.

Less chances to be faked. As opposed to cash, gold and silver coins aren't easily faked. You will find a lot of easy steps to know if itís fake or not, as simple as magnet (since silver and gold are non-magnetic), biting, scratching, weight, sound (gold and silver possess a distinct sound if itís clanged with another metal), acid test, and counterfeit gold and silver coin detectors.

Banking Crisis prepared. According to survival experts, gold and silver coins would be the main currency and legal tender in case of economic sabotage and turmoil. Most countries not only the United States are planning for these.

The news about gold and silver as real money is good news not merely for Americans but for people around the globe who want to safeguard the value of their hard-earned savings they've worked for over these years despite the economic turmoil that we have been going through.

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