Buying Gold Now is not Easy

Back in March, gold was $1000 an ounce and there was no problem buying as much as you wanted. Gold is now sitting in the $700+ range, and the demand is greater than ever. Individual investors are buying like crazy, countries like Saudi Arabia and Iran are moving their dollars into gold and China is thinking of moving (more likely, already moving) some of their huge store of dollars into gold.

What does this mean to you, the small gold investor? Right now it means gold coins and bullion are hard to come by. Many dealers have none to sell, and those that do are marking up prices to meet demand. This is not the time to be switching everything into precious metals. It should be a reminder that if you buy gold regularly, you are able to average your costs over the long run and you won't be paying a big premium overall.

Keep an eye on Ebay gold coin auctions. Many times gold coins with numismatic value end up selling for close to the same percentage over melt as bullion coins. This can be an opportunity to profit when gold settles down as the spread on numismatic coins will tend to expand again.

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Gold Investment Picking Up Steam

With the economy going down the tubes, the credit markets frozen, the stock market doing a swan dive and the government spending $700 BILLION to bail out the bums who put us in this predicament, is it any wonder that people are turning to gold bullion and gold coins to provide some stabilization.

Demand for the US American Buffalo Gold Coin has skyrocketed so much that the US Mint has suspended sales. The Canadian Mint is also having difficulty in keeping up with demand for it's Canadian gold coins and bullion.

When demand is so high, you'll see the price points for these bullion coins rise, so you will end up paying a higher percentage over spot for them. Try and buy your gold on a regular basis, each week or each month, no matter what the markets are doing. You'll average out this way and be in a much better position to profit than those who only buy when everyone else is.

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