For those who have already realized the potential of investing in gold, the next question now will be where to find them. Read on to learn more about these areas, how to distinguish genuine gold ira companies reviews, and about buying gold in the United States as an investment.
The largest gold deposits found in the US
There are four main areas where metals are mined with prices like gold. These include the Sierra Nevada Basin in California, the Arkansas River in Colorado, Prescott and Stafford in Arizona, and the Florida Gold Coast.
The Sierra Nevada in California had been known since 1860 due to the gold rush. Today it is still considered the largest gold deposit area in the US Colorado’s Arkansas River was also renowned for its gold mines during the same period as the California Gold Rush of 1800s.
In the Prescott / Stafford area of Arkansas, framing had become popular when local citizens were hunting for gold. Metal detection devices are used for a more effective search for gold. Gold Coast, on the other hand, is an open door for mining companies large and small. Covers Tequesta and Florida City.
Types of gold to buy
There are several types of gold that you can buy. As a form of investment, gold mutual funds and exchange-traded funds (ETFs) are excellent options. The first refers to investing in companies that extract, purify and trade gold. The latter are bonds that have physical gold as a backing or proof.
For those who prefer physical gold, bullion or bullion of which, coins and jewelry can be purchased and stored instead.
In gold coins
Bullion coins are recommended for those who are just new to this trade. These are often government-produced coins that were distributed in the past or are currently minted as collectibles only. Their value is determined by the measure of gold found in them.
Some, especially skilled coin collectors, are also looking for numismatic coins that are often rare and rarely found. However, most do not recommend these coins for beginners and even gold investors in general.
Characteristics of genuine gold
The formula used to know the real gold is easy. Purity when measured lets you know whether the gold is genuine or not. Most settle for at least 99.9% percent gold. The weight depends on the type of gold you are buying. The average standard bar weighs 1000 grams by mass, while gold coins average 31.1 grams or a troy ounce in weight.
How to buy gold
Buying gold is a fairly straightforward and straightforward affair. There are many dealers in shopping malls, auctions, and probably even more online.
The government, particularly mints, also has gold coins and bullion for you to buy. Items are often sold in at least four pieces per set. Buying in bulk really saves you money as the price per piece or per roll set gets cheaper as you buy more in quantity. The only problem is that direct purchase from the mint is not possible.
Private companies that often have websites for more information are also reliable sources if you want to learn more about buying gold in the US as an investment. There are also auction websites that also offer gold items. Additionally, you can purchase gold from individual dealers with a reliable track record of gold sales.