Buy 1 Oz Gold Coins
To buy 1 Oz gold coins as an investment when the price of gold is at an all time high has its rewards and drawbacks. The price of gold has reached this level because of the lack of confidence in other investments.
The gold coin available today in a 1 oz bullion state is only the American Gold Buffalo. This is a 100% or 24 karat gold coin. Most gold coins are of 22karat gold. The only difference between them is that the alloy for most includes more than one metal except for the Krugerrand. That coin only adds copper to give it a unique color.
For those investing in gold with the purchase of gold coins, the financial market and its stability has to be considered. The greed was exposed with Enron and the world took notice, but when the companies backed by the oil emirate of Dubai decided to ask for restructuring of the debt to foreign banks, the gold prices today hit an all time high of over $1220.
There is no ceiling for the price of gold as long as the wealthy drain the reputation and resources of the financial system of the world out of pure greed.
When a country like Dubai builds a snow resort in a place where snow has never fallen and water evaporates the minute it touches the ground, are they making a wise decision? If a country creates an island where one never existed for the sole purpose of bragging rights, are they good people to invest with? No wonder all the skyscrapers overlooking the city are empty, no one wants to operate in such a cloud of deceit and greed.
Buy 1 oz gold coins until the greed of countries like Dubai is reduced or eliminated.
Leave a Reply
You must be logged in to post a comment.
