People would like to see huge profits, but they’re primarily interested in preserving what they have left and protecting their purchasing power from inflation.
Fort Worth, TX (PRWEB) January 03, 2014
Gold coin dealer GoldCoin.net has released a statement praising the Wall Street Journal for its recent article on how demand for gold coins has skyrocketed despite the fact that the gold spot price fell more than 26% in 2013. GoldCoin.net spokesperson Keith Kelly says that it is refreshing to see an unbiased article about gold coins, an investment class that is often associated with high margins, sleazy salespeople and paranoid doomsday preppers.
“Gold coins aren’t right for everyone,” Kelly said. “If you are making a 1-14 month investment or if you plan to melt the gold down for crafting then you definitely do not want to buy gold coins. Investors with long-term holding patterns, however, often see better financial results from coins than from bars.”
Kelly attributes the 63% rise in demand for gold coins in 2013 to a growing demographic of investors who are concerned with the U.S. government’s intrusions into the privacy of U.S. citizens. “The government confiscated gold bullion in 1933 and it was largely illegal to own until the mid 1970s, so that plus the fact that coins sometimes outperform bullion financially has really motivated investors even though the spot price itself has been on the decline,” Kelly said. “People would like to see huge profits, but they’re primarily interested in preserving what they have left and protecting their purchasing power from inflation.”
Gold Coin (GoldCoin.net) has over two decades of experience advising household investors on smart physical gold and silver investments and gold coin IRA and 401k plans. They buy and sell all types of precious metals and offer free home delivery. For more information or a free “Gold Coin Starter Kit,” visit http://www.goldcoin.net or call 1-800-425-5672 today.