Why You Should Invest in Gold
The past year has been amazingly impressive for gold. Gold itself is up 27% since its low in April of 2001. Leading US gold stocks have sky rocketed up to between 100% – 300% since their lows in November of 2000. In this market, it is usually defined as 20%+ gains over a year or more. Both gold and gold stocks are rising up in the market and making fortunes for those people who have invested in this metal.
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Investing in Gold – The Carnival of Stock Market Investing
Investing in gold has proved both popular and profitable in recent years. The price of bullion continued to race ahead for the whole duration of 2009.
Overall in 2009 gold has risen by more than 50%. In November it achieved an all-time high of $1,150 per ounce. Gold is traditionally viewed by savers as the ultimate safe investment during precarious economic times.
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Isle of Man Gold Coins
Lots of countries now produce gold coins and the Isle of Man is no different, they produce Manx angels and Manx cat crowns. These gold coins are available in different sizes and weights. The Isle of Man produced its own coins from about 1700 to 1864, it then ceased production until 1970 when it recommenced coin production. A wide variety of coins are available and gold coins range from 9ct to 24ct. The best coins are the gold bullion coins which are the Manx angels and the Manx cat crowns. They also produce a gold sovereign which is the same as the British gold sovereign coins.
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Collect Gold Coins for a Gold Investment
A great way to save and make a good profit in this uncertain climate today with nearly zero interest rates, is to collect gold coins as the price of gold is always going up. In the last 5 years gold has shot up in price from approximately £230 at the beginning of 2005 to nearly £740 per ounce today. That’s an increase of over 200% for a 5 year investment, which I am sure you will struggle to find in any investment interest account.