The price of gold has augmented over the years, due to its popularity
as an investment. Typically, when the global economy suffers, the value
of gold increases because of its status as a 'safe haven' for
investors. Gold is also more immune to inflation than other investment
options, and is therefore more secure. In 1944, during the second world
war, the Bretton Woods monetary system was created by over 170 delegates
from 44 allied countries, which aimed for individual nations to analyse
their currency and determine exchange rates, based on the price of
gold. Buying gold, therefore remains a popular way to invest, save, speculate, insure and earn money online.
The value and price of gold coins
How can I determine my gold coin's value?
Gold coin prices are determined by a number of factors - how old the gold coin
is, in which country it was manufactured, how rare the coin is (if the
coin is of a limited mintage or a commerative coin), how many troy
ounces it weighs, its purity and fineness, and how well-kept and
preserved the coin is. It is therefore often a challenging process to price gold coin. There are many online resources where an investor can determine prices gold coins.Bullion coins
tend to increase in value as they get older, particularly if the
investor has taken good care in preserving the gold coin. It is also
possible to refine your collection and sell your unwanted gold coins to
Postal Gold to be melted and recycled into gold bullion.
Coins in demand
Often it is the case, that even if a coin is not rare in numbers, it may
still be considered rare due to other factors such as age and fluidity.
On the contrary, the most popular gold coins today are considered to be
the South African gold krugerrand coin and the American gold eagle. Gold coin prices
are often subject to fluctuation depending on the value of gold, and
the global financial market. For example, in the 1980's the value of
gold reached an all-time high, due to the struggling economy in the