There are many different factors that affect the gold price. However, there is one factor that has become the primary driver of the value of gold in recent years. Investor demand has created a 400 percent increase in the price of gold at Monex. Just last week, on April 8, the gold price reached $1,475, a value that exceeded the predictions of many financial analysts.
Why has gold become such a popular investment vehicle? It has been traditionally used as a hedge against socioeconomic problems. The myriad of geopolitical events in recent years and global economic factors have created investor fear. Gold has provided a virtual financial safety net that a growing number of investors are depending on. Continue reading
If you are looking into buying gold, you may realize that some companies don’t offer you prices for each of their gold pieces on their website. Why is that? Since the spot price of gold changes so frequently, it is better for a company to not list their prices and wait until you inquire about a specific piece of gold so that they can give you the most accurate price on your gold pieces. If you are in the market for gold, you can get a gold quote from Monex to see if they have the prices that you are looking for when you are purchasing your gold.
The price of gold is constantly changing so that is a good thing to keep in mind when you are comparing spot prices to quote prices. The spot price is the market value of one troy ounce of pure gold, so depending on the type of gold that you purchase, the price can be higher or lower. For example, if you buy a gold coin with 91.67% pure gold, like the South African Krugerrand, you may think that the price should be less than the other gold coins that have a purity of 99.99%. However, you also have to look at the weight of the coin, and since the South African Krugerrand weighs more than some of the other coins that have a higher purity level, it is actually the same amount of gold in the coin. Continue reading
In these tough economic times, even the finest savings accounts with the most benefits receive interest rates as low as one percent a year. In addition, due to the amount of stress that has been on banks lately, the benefits and ways to use your money in bank accounts has slowly been shrinking over the past few years.
Is this really the best way to use your money? Why keep it in a savings account that just bleeds away time without adding value? We believe that gold American Eagle coins from Monex are a strong alternative to savings accounts. Gold has a history of appreciating more than one percent a year. With rates like that, even though it’s not in the savings account, you will not lose any money from the negligible amounts of interest that you may be missing. Continue reading
The market for collectible and investment coins is rising considerably. Coins made from precious metals such as gold and silver are the most sought after coins in the world. The best investors and coin collectors buy coins from Monex. You don’t need to be a professional collector to purchase coins as investments.
The prices of gold and silver are on the rise and are expected to continue to rise for the foreseeable future. While many other types of investments seem to be falling, coin prices are the highest they’ve ever been. Collecting rare and precious metal coins is certainly a good investment. The price of these metals rises because they are global commodities. Continue reading