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Precious Metal Cost

Precious metal cost may be confusing for a great many novice investors, so the following is a brief overview, to acquaint these household investors with the various distinctions that determine the cost of a precious metals investment. Essentially, there are two types of physical gold investments, bullion, and rare coin.

BULLION: Possesses no numismatic value. Bullion prices usually hover slightly above the precious metal spot price, which gives them a more affordable precious metal cost. It is also why bullion is traditionally used for short-term potential profit ventures. Bullion also possesses long-term financial security benefits, as it can also be used for precious metal IRA storage. It comes in the form of bars and coins, and the following bullion items are U.S. government-approved for precious metal IRA storage:

24-KARAT BARS: Household investors typically invest in one-ounce, and ten-ounce bars, with reputable brand names like Johnson Matthey, Credit Suisse, and PAMP Suisse, for purity and liquidity.

BULLION COINS: Acceptable IRA bullion coin contributions include 22-Karat American Eagles, 24-Karat American Buffalos, Canadian Maple Leafs, Australian Kangaroos, Koalas, and Lunar Coins, as well as Chinese Panda coins.

South African Krugerrands (22-Karat), are also very popular bullion coins, but aren’t allowed as IRA contributions.

RARE COIN: Rare coins do possess numismatic value, which tends to appreciate over time, which is why so many investors purchase them for long-term financial security. They come at a significantly higher precious metal cost than bullion coins, and coins that are certified command an even slightly higher cost. Typical rare coin investments by household investors include $20 Lady Liberty’s and Saint Gaudens coins, $10, $5, and $2.5 Liberty’s and Indian Head gold coins.

Investors are encouraged to complete their research, and then to contact one of our friendly gold specialists, who offer expert investment advice, as well as institutional discounts on bullion and rare coin.

John Burke

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