When it comes to investing in gold, today's investor has more options than ever. The investor has a choice of buying gold coins, gold jewelry, stocks in companies that mine gold or hold gold reserves and even gold nugget investment. The choice is really yours to make depending on what your financial goals are.
Buying raw gold, in nugget form, is way different than buying it in other forms of gold. It's important that you educate yourself before you go out and try to find yourself a prospector.
The first thing you want to do is to find several mines that are close to you and that you can trust. Of course depending on where you live it's not always possible to find one close by, but if there are a few located together that would be ideal as you can visit them all at the same time.
Once you've recognized several mines that you are interested in, see if they have a phone number or website. If so, it will be an easy matter to discover if they sell gold directly to folks.
Next, you will have to decide which nugget you want. Since each nugget is unique there is no uniformity in pricing. In most cases the bigger the nugget the higher the price. Since it's not common to have a large, intact nugget you will have to pay more ... no volume discounts here.
Nuggets may not be all gold, they could be made up of other rocks and dirt. So for you to determine how much actual gold is in the nugget, you'll have to perform a gravity test. This is a simple test to ensure that you don't get taken by unscrupulous people.
I won't get into the exact method for figuring out the specific gravity in this particular article, but it's fairly simple and you can find resources online that will show you how to accomplish it. All you will need is a simple mathematical calculation, and a glass of water and string.
Once you know the actual amount of gold in the nugget you can judge whether or not the seller is asking a reasonable price.
In order to find out how reputable a certain mine is, you can often go online to various forums that supply those who invest in gold nuggets and ask around. If someone has had a bad experience they are usually very willing to tell everyone about it.
Remember, it may not always be easy to find the good places. In order to find the good places you may have to dig a little deeper and ask more questions.
Perhaps the coolest way to invest in gold is with a gold nugget investing mine that you can purchase from directly. This is just a fun way to go about it. And if you have kids they may enjoy getting into investing as well. Granted you still need to wisen up so you don't get taken, but it is a fun way to invest.
Buying raw gold, in nugget form, is way different than buying it in other forms of gold. It's important that you educate yourself before you go out and try to find yourself a prospector.
The first thing you want to do is to find several mines that are close to you and that you can trust. Of course depending on where you live it's not always possible to find one close by, but if there are a few located together that would be ideal as you can visit them all at the same time.
Once you've recognized several mines that you are interested in, see if they have a phone number or website. If so, it will be an easy matter to discover if they sell gold directly to folks.
Next, you will have to decide which nugget you want. Since each nugget is unique there is no uniformity in pricing. In most cases the bigger the nugget the higher the price. Since it's not common to have a large, intact nugget you will have to pay more ... no volume discounts here.
Nuggets may not be all gold, they could be made up of other rocks and dirt. So for you to determine how much actual gold is in the nugget, you'll have to perform a gravity test. This is a simple test to ensure that you don't get taken by unscrupulous people.
I won't get into the exact method for figuring out the specific gravity in this particular article, but it's fairly simple and you can find resources online that will show you how to accomplish it. All you will need is a simple mathematical calculation, and a glass of water and string.
Once you know the actual amount of gold in the nugget you can judge whether or not the seller is asking a reasonable price.
In order to find out how reputable a certain mine is, you can often go online to various forums that supply those who invest in gold nuggets and ask around. If someone has had a bad experience they are usually very willing to tell everyone about it.
Remember, it may not always be easy to find the good places. In order to find the good places you may have to dig a little deeper and ask more questions.
Perhaps the coolest way to invest in gold is with a gold nugget investing mine that you can purchase from directly. This is just a fun way to go about it. And if you have kids they may enjoy getting into investing as well. Granted you still need to wisen up so you don't get taken, but it is a fun way to invest.
About the Author:
Would you like to learn more about gold investing? Specifically gold coins? There are a range of different types of gold coins that you can invest in but one of the most popular is the Gold Krugerrand. You can read about all the reasons why investing in gold kruggerands is a smart choice. Learn more at goldkrugerrandguide.com.
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