Gold prices are rallying and in light of uncertainty in the markets and globally, it could be a good time to invest in the relatively safe precious metal — or companies that deal with it, like Yamana Gold (AUY), Barrick Gold (ABX) and Goldcorp (GG), which all rallied yesterday on the news of higher gold price.
Another way to get exposure, outside of buying the stuff and individual companies, is to buy one of the many gold exchange-traded funds, like the SPDR Gold Trust (GLD).
To get you ready for jumping into the market, here are some myths about investing in gold and silver — and why they just aren’t true.
IDAHO FALLS, Idaho – “When I was in high school in 1949, I had a little tobacco sack full of coins that my father had given me and somebody wanted to by them. I had no idea what they were but I said no I couldn’t sell them because I got it from him. He gave me a coin book and showed me how to collect coins and it started from there,” Charles Carpenter said.
The 82-year-old had no idea that sack of coins would spark a passion
“Oh, millions probably,” Carpenter said.
A collection of millions of coins.
New coins and currency products are available at the Spring Whitman Coin and Collectibles Expo in Baltimore, the United States Mint and Bureau of Engraving and Printing (BEP) jointly announced.
Held at the Baltimore Convention Center in Baltimore, Maryland and promoted as the largest in history, the show began on Thursday, March 26, and lasts until Sunday, March 29.
About $1 million was raised for the U.S. Marshals Service Museum from first day sales of the United States Mint’s newest commemorative coins, which celebrate the 225th anniversary of the nation’s oldest federal law agency.
The gold, silver and copper-clad coins, which were authorized by Congress, went on sale Thursday with brisk sales online and at the U.S. Mint’s official stores. The coins will also be available this weekend at a coin show in San Diego, Calif.
“I am hopeful that coin sales will continue to be successful and the U.S. Marshals Service National Museum will be able to benefit from their popularity,” said Sen. John Boozman, R-Ark.
The biggest seller on Thursday was the silver dollar coin that features an old-time western Marshal holding a “Wanted in Fort Smith” poster. The US Mint reported selling 34,257 silver “proof” and “uncirculated” coins. The Mint also sold 21,861 copper-clad half dollar pieces and 5,021 $5 gold coins. In addition, they sold 9,421 three-coin sets — featuring a proof gold, silver and copper-clad coin. Only 15,000 sets will be sold in all.
See more at: http://swtimes.com/news/first-day-coin-sales-net-1-million-museum#sthash.KeHEoXOR.dpuf