Less than a month ago, when silver closed above $20, I posted an article titled “Silver Investing-Is it Too Late at $20?” On Friday, October 1st silver closed considerably higher than $20. Adding other metals to the mix also allows metallurgists to change the color of gold. Palladium or nickel can be added to create white gold. Adding copper produces a rose or pink tint, while silver gives gold a greenish cast. If you want jewelry which can be worn regularly then it is wise to get it made out of solid gold (Solid gold is a term that can be used to describe an item that’s at least 10K (in the US) gold all the way through. Even though it’s a gold alloy-18K, 14K, or anything down to 10K-it can be called solid gold.).
Some sellers have unloaded their rings and necklaces for a little cash to help them through unemployment and tough economic times. But Nagaraj said most customers have been wealthy Toronto-area residents, especially older people, who no longer wore the many gold pieces they had accumulated.
Historically, gold and other precious metals provide one of the few ways to hedge or protect assets from high inflation, stock market volatility and economic uncertainty. Gold in particular is often referred to as the crisis commodity because it tends to appreciate in value in response to negative economic, monetary or political conditions.
Among the most effective options to purchase gold is via an ETF (Exchange-Traded Fund). A fantastic ETF is often compared to a mutual fund that should be bought and sold like an investment. A couple of of the extremely well known ETF’s are StreetTracks Gold Shares and iShares Comex Gold Trust.
Coins are another common way of owning gold. A lot of people prefer buying bullion coins like the American Gold Eagle or British Sovereign instead of bars. There are several pros to owning coins. First of all, they carry a smaller risk of forgery (although fake gold coins still aren’t uncommon). Depending on the part of the world you live in, gold coins will most likely be easier to sell as well. As such, they’re probably a better choice for people looking to capitalize on market movement. Finally, most coins have a collectible value of some sort that can only increase over time.