The Certified Gold Exchange is known for its non-commissioned brokers who are trained to make product recommendations based on the client’s needs. The Certified Gold Exchange offers gold bullion bars, gold bullion coins and PCGS certified gold coins. One of the most common questions clients ask is if certified gold coin investments are worth the cost above spot.
The truth is, certified gold coins are not for everyone. Individuals who don’t feel the need to protect themselves from gold confiscation may not need PCGS gold coins. Additionally, investors who plan to liquidate their gold within a year or less may be better off buying bullion. However, certified gold coin investments are clearly the better option for investors who meet certain criteria.
Certified gold tends to fluctuate in the same direction as the bullion spot price. However, certified coins also have a numismatic, or collector, premium that usually rises over time, since the number of coins is limited. Investors who plan to store their gold coins for a few years or decades, or who plan to bequeath their coins, may be better off with certified gold coins.
While no one can say for sure what will happen, there have been rumors of a second gold bullion confiscation within the United States. This first happened in 1933, and it was illegal to own bullion bars until 1976. Certified gold coins could be exempt from confiscation based on historic legal precedent. While the government can always change the rules, certified gold coins are not plentiful enough to help salvage the dollar, yet they are common enough that investors can avoid high premiums – and still expect substantially more than spot price when it is time to sell.