Walnut Creek, CA -- (SBWIRE) -- 12/21/2011 -- Gold and silver investment website WholeSaleGoldGroup.com has released a series of articles that implore investors to buy gold coins in the coming weeks. The website’s team predicts that the prices of gold and silver are set to skyrocket in the next few months and that today’s prices may never be seen again. To help investors buy gold coins intelligently, they’ve released a series of tips aimed at the new investor.
WholeSaleGoldGroup.com’s head, Michael MacDonald, discusses the rationale behind his recommendation to buy gold coins. According to MacDonald, “It’s clear to anyone following the news that even the most stable governments in the world are having trouble paying off their debts. Instead of sound fiscal policy, many countries have opted to prevent default by printing off large amounts of paper currency. The effect of this influx of new currency has been inflation. Sadly, inflation hurts those that have worked hard and saved their money in the bank. Inflation essentially eats away at your savings. However, those that decided to buy gold coins a few years ago are watching their investment double or even triple in value. That’s because more and more people see that the current paper currency system is set to end and a new era of gold and silver-based currencies will likely be ushered in their place.”
Why does WholeSaleGoldGroup.com recommend investors to buy gold coins as opposed to other precious metals or bullion? MacDonald notes that he recommends a diverse set of precious metal investments, including silver coins, silver bullion, gold coins, and gold bullion. However, he states that savvy investors tend to buy gold coins and silver coins because they’re two investments in one: “People should buy gold coins because they contain value from two distinct places: their antique value and the precious metal that they’re made from. This way, investors get a safety net in the unlikely event that precious metal prices fall. This can’t be said for bullion whose value is 100% based on the overall price of the metal. However, that doesn’t mean one should buy gold coins and avoid other investments. It’s more secure to purchase a number of different forms of precious metals, which include gold coins but also silver dollars.”
In the site’s most recent article, MacDonald discusses the inverse relationship between the price of gold coins and the health of the global economy. He states that historically, the price of gold has increased as recessions and depressions take hold. Considering the turbulent economic situation the world has faced over the last five-years, MacDonald states that there may be no better investing option than to buy gold coins.