Why Invest in Gold Coins in 2024- Exploring 5 Online Gold Investment Options

Buying gold coins is a great way to diversify your investment portfolio. Besides, it is also a premium long-term investment option if you hold Individual Retirement Accounts (IRA). Along with gold bars, these bullion products make not only a value addition to your portfolio from a purely financial point of view but also from a collector’s perspective.

Building on the last point there, we can expand on the numismatic value of gold coins and how it adds to its investment value, but we have only touched on it for establishing a context for you. A context that sets in motion a discussion on how much is it worth investing in gold coins at all today, in the age of cryptocurrency and gamified stock trading apps.

Investing in Gold vs. Cryptocurrency- Pandemic Preview:

If history stands any testament to sound financial planning, it is that the early bird does not always catch the worm. Simply put, simply being the first to try out new tech, without any social proof of the engineering results, it is almost always a miss!

As we saw with the crypto boom, i.e., products like Bitcoin raging in the markets during the pandemic not so long ago, even though the cryptocurrency technology had been around for a while, with masses gaining (not totally informed) access to its markets, people incurred some heavy losses in their investments.

On the other hand, and as per reliable sources like The Wall Street Journal, markets witnessed people’s movements towards safe-haven assets like gold coins during the pandemic.

This is primarily because, unlike crypto, investment in gold is tried and tested, and that is why handling it does not require rare esoteric knowledge, despite its niche knowledge management and novelty.

No, this is not us discouraging you from trying to invest in new tech. Heck, the gold standard was newly established in 1821 itself!

So far be it from us to stop you from trying to diversify your investment portfolio by including products that give you better results than gold! We simply want to underscore the risks associated with expending your hard-earned money on financial products that you do not fully understand.

Top 3 Reasons to Invest in Gold Coins in 2024:

 

• Hedge Against Inflation- The good ol’ gold coin has been an extremely effective method to hedge against stock volatility. Because the value of gold, which cannot be manufactured by a company and must be dug up from the ground and processed, does not depend on the rising and falling prices of the consumer market, it is a safe bet for investors- big or small- to invest in gold coins and bullion bars.

• Low Risk High Return- Gold coins and bullion bars have been a traditional favorite in the world of investment because of their characteristic traits like low risks involved and high returns associated with the process and amount of investment. Partly because it is not available in abundance, the gold supply is staggeringly low, increasing its demand and market value consistently. Another strong token of confidence the low risk high return gold investment model gets is from its various commercial and consumer uses.

• Numismatic Value- Some gold coins like the 1 oz American eagle gold coin, 1 oz American Gold Buffalo, 1 oz British Gold Britannia Coin, etc. Carry inherent numismatic value. Numismatics is the study of currency. The wider ambit of the definition of this term includes the study or collection of currency, including coins, tokens, paper money, medals and related objects, within the broader study of money and other means of payment used to resolve debts and exchange goods.

5 Most Preferred Online Gold Investment Options:

1. Gold Stock- These are shares and funds of companies which are involved in the gold industry. As a way of investing in the performance and revenue of these companies, buying their gold stocks allows you to invest in the precious metal without the hassle and cost of owning it physically. This enables you to benefit from the steady returns of investing in a precious metal like gold while avoiding significant risks like that involved in cryptocurrency.
2. Gold ETFs- Gold exchange traded funds (ETFs) serve as alternative investment opportunities to physical gold bullion bars and coins or. These offer investors a way to diversify their portfolios and gain exposure to the value of gold while earning interest because they are passive instruments based on gold prices. Different from stock trading significantly, ETFs combine the advantages of gold stocks with the rewards of physical gold investments by investing in physical gold bullion and trading on the cash market of stock exchanges.
3. Gold Coin- Some of the best gold coins to invest in are those produced by mints worldwide that are listed on reputable dealer websites like Wall Street Metals. For example, the 1 oz American Gold Buffalo by the US Mint, or the 1 oz British Gold Britannia Coin by the Royal Mint offer substantial rewards as they also carry historical significance combined with intricate designs. The value of 1 oz American eagle gold coin is also safeguarded by these dealers as they offer exceptional logistic services that otherwise hinder the physical gold buying process.
4. Gold Bars- The best 1 oz gold bar to buy is, hands down, those listed on Wall Street Metals from mints from the far corners of the world- be it Perth, Canada, Suisse or the American hinterland. Be it the 1 oz Valcambi Gold Bar or the 10 oz PAMP Suisse Silver Bar, all the silver bullion that Wall Street Metals stock is fully insured and shipped free of charge to your home address, bank vault or any external storage that you may have.
5. Gold IRA- What is a 1 oz gold coin worth in 2024? It depends on many contributing factors like its purity of striking, design and rarity, etc. But whatever it is worth, we can assure you that the value is insured if it is an individual retirement account (IRA) approved. The main advantages of investing in precious metals through an IRA are the tax benefits and security offered. And at Wall Street Metals, we offer distinct metal pieces that are IRA approved so you can directly buy them if you hold IRAs.

Disclaimer: All Market Updates are provided as a third-party analysis and do not necessarily reflect the explicit views of Wall Street Metals and should not be construed as financial advice.