by Vicki C. Day
Seeing the risks associated with stock markets where prices of shares constantly go up and down with changes in the market, most businessmen have started investing in gold and silver coins. Making investment in precious metals emerged as a popular trend amongst people since past couple of decades. And one of these precious metals is <a href="http://etcfinancial.com/gold/gold-chinese-panda-coins/">Gold Panda</a>. Since the prices of gold, silver and platinum constantly rises with each passing day therefore, this form of investment is considered to be profitable and secure. With the introduction of Bullion coins that were approved by American government for IRA (Individual Retirement Accounts) in 1997, this trend gained instant popularity.
Investing in gold and silver coins or bars is each thrilling along with fruitful venture. Earlier, these metals were applied for the purpose of international trades or exchanges however, with all the improve in value of American Dollars, USD became an international trade commodity along with a separate market place dedicated to gold and silver was created for the objective of making investment.
The next couple of paragraphs comprise of information on gold and silver markets.
<b>1. Gold Coin Market:</b>
Gold coins had been initially minted through 1787 in United States. In mid 18th century, the price tag of these coins was rated at $20/oz. By the beginning of 19th century, the rates demonstrated a whooping raise of 10-30%. In 1930, these coins were becoming purchased at $35/oz.
In mid 19th century, FRD departments made it illegal for local citizens to possess gold therefore all the transaction were halted and gold markets were frozen for 50 years. Nevertheless, in 1980, the markets were reopened with new policies and rates. In 1980, gold was rated at $800/oz and lately, the international prices of gold reached the mark of $1000/oz.
<b>2. Silver Coin Market:</b>
Silver has always been a common commodity metal among industries. It was a popular metal used for designing jewelries and bars. Unlike gold, silver had a limited fortune for several centuries. It was traded at the rate of $1/oz for approximately 100 years. However, in 1960, silver minting became expensive. Consequently, the prices were increased. By the end of 1980, silver coins were rates at $50/oz.
In 2000, these prices fell by $5 per ounce. This was mainly mainly because of pressure on US currencies and growth of Asian industry. Nevertheless, seeing the raising demands of silver, the costs are expected to enhance in near future. Critics predict that much more men and women will get started <b>investing in gold and silver</b> bullion coins.
In case you're thinking about <b>investing in gold and silver</b>, be certain you contemplate certain things.
Normally purchase these coins from reputed jewelers, recognized government units and dependable private traders only. Rather than investing in standard coins, you must focus on Bullions, jewelry bars and old coins. Often make arrangements for a purity test, just before acquiring these items. Coins launched by government come with special symbols, codes and bars. Check them out to confirm their purity.
Should you very carefully analyze unique aspects of market place, <b>investing in gold and silver coins</b> will come to be simpler for you.
Want to learn more about <a href="http://etcfinancial.com/silver/silver-chinese-panda-coins/">Chinese Silver Panda Coin</a>, then visit http://ETCFinancial.com/Silver/Silver-Chinese-Panda-Coins for more info.
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New Unique Article!
Title: Are You Thinking Of Investing In Gold And Silver Coins?
Author: Vicki C. Day
Email: iceman13th@yahoo.com
Keywords: gold panda,silver panda,chinese gold panda coin,chinese silver panda coin,gold panda coin,silver panda coin
Word Count: 528
Category: Hobbies
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