Because of its potential for high returns, investing in silver is seen as an appealing investment for investors. Of course, you have to know where to sell gold coins and how. There are two ways which are the basic. First, you can be a dealer. This works particularly if you have many gold coins collected already. You can also set up an online site. Or if you choose to open a shop, you must consider the expenses. Either way, there shall be expenses, nevertheless, especially that there is a heavy investment in additional stock.
Investing in gold futures is for those who can afford to take the risk. If you’re just starting out and don’t have the money to risk for it, then you should pass on this for now. With futures, you have to be certain that you can handle the volatility of this segment.
Also, Indian demand is in fear with demand unexpectedly weak during the Diwali festival that typically sees a bump in imports, Capital Economics noted. Local gold prices in India will stay high in the coming year, which should keep a roof on demand, according to the bank.
Gold and silver vary from each other in quite a few ways, so we wrote this article to specify all the differences and highlight the advantages and disadvantages of each metal. The topic we will be covering for gold and silver includes each metal’s price and the price ratio between the two, each metal’s liquidity, storage of the metals, and the markup for buying each metal.
Gold and gold bullion is forecast to rise as high $2000 or more an ounce in the next leg upâ€ by Frank Holmes of US Global Investors (his Gold and Precious Metal Fund is up 40.1% a year over the past three years).Mr Holmes says that there are several reasons for that not just one. He believes that all other commodities have gone through their inflation adjusted prices of 1980 except for Gold and Silver. So gold is more of a monetary asset, and its money around the world. Gold performs well in either inflation or deflation.