Daily Rare Coin Update
December 16, 2009 – Rare gold coins are not an advisable investment. There, I said it. This is Rare-Coin.org and I am advising some investors to stay as far away as possible from rare gold coins. Am I fired, or am I about to elaborate? Possibly both, but let’s continue anyway.
Since 2001, some investors have seen gains of over 500% in certain PCGS-certified rare gold coins. These coins have not only outpaced the growth of gold bullion prices throughout the same amount of time, but they have provided investors and collectors with never-to-be-produced again pieces of American history. The icing on the cake is that our government declared years ago that these coins are completely private and non-confiscatable assets, so how could it be a bad idea to invest in rare gold coins?
These coins have higher costs, even though you do not have to pay federal or state taxes when you purchase the coins from one of the nation’s major exchanges. If you are investing in gold and you plan to hold said gold for 14 months or less, you should avoid rare gold coins because you may not be able to outperform gold bullion.
If you are concerned that our government could re-enact gold bullion confiscation from US citizens as they did from 1933-1971, or if you plan to stash away your hard-earned wealth in gold for years or perhaps decades, then rare gold coins like the $20 Saint Gaudens and the $20 lady Liberty could be right for you. These coins tend to move with the gold spot price, and their complete privacy is the real benefit of these investments. Contact Rare-Coin.org or take advantage of some of our free information kits below to get the answers you need about the gold and silver coin markets.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
