Home | Finance | Investing
Golden Coins ------------ Gold coins are one of the oldest forms of money. The first gold coins in history were coined by the Lydian king Croesus in about 560 BC, not long after the first silver coins were minted by king Pheidon of Argos in about 700 BC. Gold coins then had a very long period as a primary form of money, only falling into disuse in the early 20th century. Most of the world stopped making gold coins as currency by 1933. However, gold-colored coins (not made of real gold, Bullion coins)) have made a comeback in many currencies. Many countries, including the entire European Union states exempt invested gold from VAT (Value Added Tax). There are many forms of gold investment, the two most famous being gold bars and bullion coins. Gold Bars ---------- Gold bars are classified into two different types, cast and minted, based on their method of manufacturing1. Cast bars are made by pouring molten gold into an ingot mold to help the gold to take a form. Minted bars are made from gold blanks that have been hand cut to the required dimensions from a flat piece of gold. Markings are almost always applied by presses. ChipGold is a relatively new form of gold bar consisting of a small ingot (1-20 grams) in a sealed and certified package the size of a credit card. One troy ounce = 31.1034768 grams. Thus if gold was at US $600 per ounce, a gold gram would be worth just under US $20. Bullion Coins ------------- As an investor, you can choose from the many bullion coins offered by many governments. These coins, are a legal tender of the government that issues them. As an investor, the value for your is in how much gold that coin contains with the extra mark-up that might exist for such coin.
Article Source: Main Articles
For more information concerning gold investment, real time gold exchange rates, articles, news, gold games and the official list to where gold can be bought, visit us at Gold Land USA @ Gold Land USA for more Gold Investment Information
This article may be reproduced wholly or in part without written permission provided the byline, resource area, and any hyperlinks remain in order to give proper credit to the author.
Internet search engines and directory listings are imperative to your sites existence and success. Submit Your Website to the Searchen Networks directory and search engine to achieve authoritive inbound links.
Please Rate this Article
5 out of 54 out of 53 out of 52 out of 51 out of 5
Powered by Article Dashboard