Collecting certified rare coins can be a fun hobby, and a great investment in your future. Platinum, silver, and gold coins and bullion bars are often incredibly valuable, but their worth may change over time. To ensure you’re making a worthwhile investment, you should understand the differences between different precious metals and their value. Here are answers to some common questions about the worth of platinum, gold, and silver coins and bars like the Pamp Suisse Gold Bar 1 oz.
Gold Coins and Bullion Bars
Because the world’s current gold supply far outweighs that of our newly mined gold, the price of gold is rarely affected by the market’s supply and demand. Gold prices drop when owners offer large volumes of gold bars or gold coins for sale; likewise, when investors or collectors want to buy gold coins or bullion, prices are driven higher. In economic recessions, gold is considered a safe investment. During periods of inflation, gold is considered an asset that retains value.
Silver Coins and Bullion Bars
The day-to-day value of silver is much more volatile than that of gold. Silver is valued as an industrial metal, meaning that the industrial supply and demand have a great influence on its price. Technological advances often create a huge demand on the supply of silver, as silver is often used in the manufacture of electrical appliances, batteries, and medical equipment.
Platinum Coins and Bullion Bars
During periods of market stability, platinum often sells higher than gold. It is also an industrial metal, making it subject to industrial supply and demand. It is used regularly in the automotive and jewelry industry, and is only mined in two countries, causing prices to rise as demand increases.
At California Numismatic Investments, we are one of the largest dealers in precious metals, gold IRA accounts, and certified rare coins. We offer expert market insight into gold bar and gold bullion prices, advice on investing in gold and platinum bars, and can help you place gold into your IRA. For more information about our precious metal services, pricing, and shipping, call us today at (800) 225-7531.