The stock market often mystifies and alienates outsiders. Insiders seem as though they participate in some type of masonic ritual. The truth is simply that they are people who took some time to sit down and learn about several important nuances and conventions of the trade. Nothing about the system, in it more basic capacities, goes beyond the average layman’s capacity for understanding. In this article, I will list two quick tips to get you interested.
First, I will discuss “spot price.” When someone mentions the “spot gold price,” they refer to the price of gold on any given day. In recent history, gold seems to hover between $1,000 and $2,000 typically. It always confuses potential buyers to discover that they cannot actually always buy gold at this spot price just because they see it listed somewhere. The spot price only provides a rough estimate, not necessarily what a dealer can provide for you. A gold dealer purchases gold wholesale, and then whatever they bought it for minus what they sell it to you for equates exactly to their paycheck for that day. Without this dealer as a middleman, a buyer needs to visit the mint directly. Even if the buyer could do that, the mint itself needs to pay for mining costs, employees and numerous types of upkeep. Taking all of these expenses into account, as a buyer, you will be lucky to get 10% markup from the spot gold price when you purchase it. A “spot settlement” refers to a trade based on a commodity price within one or two days from a trade date. Contrast this term to a “forward date” or “forward contract.” Read the rest of this entry »
Tags: gold per gram, spot gold price
If you have ever had an involvement in silver investment – or investing in any other precious metal for that matter – you will be very aware of just how important the current price of silver can be to your investment. This figure can make or break many investment portfolios and it will have a major impact on whether your investment in rare silver coins is making money for you or losing all of your cash. As such, it is clear to see that the price of silver is a figure that every silver investor should be sure to pay very close attention to. When they do this, they can stay ahead of the other silver investors in the field by using the figure to make the best decisions regarding their investment purchases and sales in silver products.
The importance of the price of silver really only has an impact on two areas of silver investment, but they are the two most important areas. They are the buying and the selling of silver products as part of the investment. The price of precious metals will rise and fall a number of times each day depending on various market and economic factors and paying attention to these fluctuations in the price of silver means that you can use them to your advantage and stay ahead of other investors by making your purchases and sales quickly to capitalise on the benefits of high or low silver prices. When you buy silver products at a low price and sell them at a later date when the price has risen you are giving yourself an instant profit – and if you follow the silver prices daily you will know the latest news on silver investment and make fast decisions to maximise your profit. Read the rest of this entry »
When you are looking for a rare coin dealer, you should find someone who offers a good variety of types of coins. Many coin dealers are limited in their selection, which can make it difficult to build a good collection if you are not building a collection that is identical to that of many other collectors. Coin collecting is an incredibly personal hobby and your collection should be unique to you and your individual needs, goals, and desires, yet many coin dealers expect you to conform to one of the basic and popular collections, rather than offering you a wide variety of options so that you can tailor your collection to suit your needs.
Your coin dealer should offer a wide variety of gold coins: Certified American Buffalo Gold Bullion Coins, the NGC/PCGS-Certified Gold American Eagle Bullion coins, the 1850-1933 Double Eagle $20.00 Gold Pieces, the 1795-1933 $10 Gold Piece Eagles, the 1795-1929 $5.00 Half Eagle Gold Pieces, the 1854-1889 Three Dollar Gold Pieces, the 1796-1929 $2.50 Quarter Eagle Gold Pieces, Four Dollar Gold “Stella” Coins, Ultra High Relief 24-Karat Gold Saint-Gaudens $20 Double Eagles, and the 1849-1889 Gold Dollars. Within silver coins, your coin dealer should offer: the “Flowing Hair” Type silver dollar, “Draped Bust” type with Small Eagle Reverse silver dollar, Heraldic Eagle Reverse silver dollar, the 1804 Silver Dollar, Gobrecht Dollars, “Liberty Seated” type with Heraldic Eagle, Trade Dollars, Morgan Dollars, and Peace Dollars. Read the rest of this entry »
Tags: coin dealer, rare coin dealer
