The new mantra in business is “just in time” supply of a need with virtually no warehousing of stock supplies. That seems to be the thought process we as a society embrace now. Immediate gratification. Get it now. Don’t wait or save for anything. That isn’t the way to buy precious metals, gold eagles, or bullion however. Storing Rare US Gold Coins, World Gold Coins, Gold Eagles, or Bullion so You Can Become a “Supplier”
I know that gold or silver coins rarely get melted for other uses anymore. But, if you own physical bullion bars, you could very well be contributing to the supply side of gold. Otherwise, owning rare US gold coins or bullion coins now, will force other people to pay more for them when the price increases. If you want to be successful at precious metals investing, you need to actually own the stuff you eventually want to sell when the time comes. There is no “just in time” storage of precious metals. You’ll become the warehouse for people or businesses that didn’t have the foresight to adequately plan for future need.
Gold ETF’s aren’t likely to have as much of their underlying commodity on hand as they claim. If there is ever a true shortage, someone will end up being the supplier, when and if the time comes. You need to store the world gold coins, gold eagles, or bullion and then wait until the right time comes to sell. Follow the store signs for buying and selling gold and silver. Retailers have their hand on the market pulse. Follow their lead. Buy when the retail stores are buying. Sell when the retail stores advertise they are now selling gold and silver. Learn more about american gold eagle.
Investing is generally a long term commitment and precious metals ownership is no different. I’m not necessarily a buy-and-hold person when it comes to stocks, but they are far more risky to buy and hold than rare or bullion coins. Also stocks aren’t as personally satisfying to buy and hold as gold coins, or American gold eagles. Buy rare or bullion coins incrementally over the years, store them in a safe place, enjoy owning them, and sell some when the time comes to take profits. That’s easy to say on paper, of course. Actually doing it is another matter.
I have a love for the gold and silver coins I buy, and wonder if I can part with them when necessary. I have finally learned how to buy gold and silver coins with the intention of later selling. The secret for me is to buy duplicates. As you increase your holdings, buy better examples of the rare US gold Coins, world gold coins, American gold eagles, or bullion coins you love, and hold the lesser coins for sale when the time comes. That way, you have no emotional investment in them and they are easy to let go. I can easily sell the things I have no interest in.