Gold remains a popular investment

By Staff Writer
Ever since gold was discovered 6,000 years ago, it has been the ultimate store of value, whether in the form of bullion, coin or jewellery.
One of the reasons why gold is such a popular investment today is the fact that it is portable, insurable and very liquid. Liquidity means that it is easy to store, readily available, and easy to buy and sell. This makes gold a ready source of cash should you ever need it.

So how do you go about investing in gold

  • Do your homework
  • Plan your budget
  • Find a reputable dealer

 One thing that you should consider is the type of gold that you want to invest in. Two of the most popular options are rare coins and bullion coins.

Rare coins are minted in limited numbers and this makes them highly sought after. Collectors are willing to pay a high premium for these coins and this gives them a high appreciation potential. For example: The Mandela 90th Birthday coin has doubled in worth since its launch in 2008.
Bullion coins on the other hand are considered legal tender, and thus highly liquid. Anyone who buys or sells gold will exchange bullion for cash. The most common example of bullion today is the Krugerrand, which is in fact considered to be one of the top 300 brands in the world today.

Remember that only a qualified financial advisor will be able to recommend the right type of gold investment for you, and be sure to only buy from a reputable dealer.

Would you like to invest in gold? Read more and apply here!

Recent Articles

Featured Tax implications for capital gains

Capital gains do give rise to tax implications. We approached an expert to find out what these are.

Preparing your domestic staff for leaving your employ

We found out what measures you should take in order to ensure your domestic worker is financially secure after they leave your employ.

Can you monetise your hobby?

As with most hobby enthusiasts, you likely have spent many hours developing unique skills to perfect your passion. However, have you considered getting paid for this effort as well?

What are the interest rates on store accounts?

Opening a store account is one of the easiest ways to build your credit score. Not surprisingly, a recent report by the National Credit Regulator (NCR) found store accounts to be among the most popular credit types for South African consumers - and demand for them is growing

Deals

Thursday Prawn Special at Blowfish Restaurant

Price: R125
When: Thursdays
Where: Cape Town

Tonsorial Gents Cut and Style Deal

Price: R300
When: Tuesdays to Saturdays
Where: Cape Town

Pedicure Spring Special at Shambala Spa

Price: R390
When: Mondays to Fridays
Where: Gqeberha


Latest Guide

Guide to debt rehabilitation solutions