How can I invest in Gold?
by: LuatTranVan
Total views: 81
Word Count: 312
Golden Coins
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Gold coins are one of the oldest forms of money. The first gold coins
in history were coined by the Lydian king Croesus in about 560 BC, not
long after the first silver coins were minted by king Pheidon of Argos
in about 700 BC. Gold coins then had a very long period as a primary
form of money, only falling into disuse in the early 20th century.
Most of the world stopped making gold coins as currency by 1933.
However, gold-colored coins (not made of real gold, Bullion coins))
have made a comeback in many currencies. Many countries, including
the entire European Union states exempt invested gold from VAT (Value
Added Tax). There are many forms of gold investment, the two most
famous being gold bars and bullion coins.
Gold Bars
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Gold bars are classified into two different types, cast and minted,
based on their method of manufacturing1. Cast bars are made by
pouring molten gold into an ingot mold to help the gold to take a
form. Minted bars are made from gold blanks that have been hand cut
to the required dimensions from a flat piece of gold. Markings are
almost always applied by presses. ChipGold is a relatively new form
of gold bar consisting of a small ingot (1-20 grams) in a sealed and
certified package the size of a credit card. One troy ounce =
31.1034768 grams. Thus if gold was at US $600 per ounce, a gold gram
would be worth just under US $20.
Bullion Coins
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As an investor, you can choose from the many bullion coins offered by
many governments. These coins, are a legal tender of the government
that issues them. As an investor, the value for your is in how much
gold that coin contains with the extra mark-up that might exist for
such coin.
About the Author
For more information concerning gold investment, real time gold exchange rates, articles, news, gold games and the official list to where gold can be bought, visit us at Gold Land USA @ Gold Land USA for more Gold Investment Information
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