Gold and silver has been recognized as valuable since the dawn of time, but only recently have these precious metals also been recognized as savvy investments. As part of a diversified investment portfolio, gold and silver coins like the Silver Kangaroo present an attractive option to individuals looking for highly liquid investments that are historically well performing. If you are just getting into precious metal collecting, here are answers to some frequently asked questions about buying gold and silver coins.
Q: What is the gold-to-silver ratio?
A: The gold-to-silver ratio is one of many indicators experienced investors use to determine the best times to buy or sell gold and silver coins. At its most basic, the gold-to-silver ratio is the amount of silver it takes to purchase one ounce of gold. The general consensus among investors is that a high ratio means silver is favored by the market, while a low ratio tends to favor gold.
Q: What’s the best way to protect gold and silver coins?
A: While home storage is not advisable for long-term storage of gold and silver coins, you can protect your precious metals in the short term with a commercial safe that has been approved by Underwriters Laboratories (UL). The best way to keep your gold and silver coins safe is the common safe deposit box at your local bank. Not only are these boxes much more secure than a home safe, but banks are federally insured and inspected.
Q: Who should I purchase precious coins from?
A: You can buy gold and silver coins from just about anyone, but that doesn’t mean you should. For your confidence and peace of mind, only buy from a coin dealer affiliated with the Professional Numismatists Guild (PNG). To qualify for membership, a coin dealer must be trade recognized for professional conduct, knowledge, integrity, and financial responsibility.
California Numismatic Investments is a proud member of the PNG and has an A+ rating from the Better Business Bureau. Call us toll-free at (800) 225-7531 to have all your questions regarding gold and silver coins answered by our precious metals experts.