Gold as an Investment

Efforts to combat gold bar counterfeiting include kinebars which employ a unique holographic technology and are manufactured by the Argor-Heraeus refinery in Switzerland. The sizes of bullion coins range from 0.1 to 2 troy ounces (3.1 to 62.2 g), with the 1 troy ounce (31 g) size being most popular and readily available. Gold coins are a common way of owning gold. Bullion coins are priced according to their fine weight, plus a small premium based on supply and demand (as opposed to numismatic gold coins, which are priced mainly by supply and demand based on rarity and condition).

The Krugerrand is the most widely held gold bullion coin, with 46 million troy ounces (1,400 tonnes) in circulation. Other common gold bullion coins include the Australian Gold Nugget (Kangaroo), Austrian Philharmoniker (Philharmonic), Austrian 100 Corona, Canadian Gold Maple Leaf, Chinese Gold Panda, Malaysian Kijang Emas, French Napoleon or Louis d’Or, Mexican Gold 50 Peso, British Sovereign, American Gold Eagle, and American Buffalo. Coins may be purchased from a variety of dealers both large and small. This section needs additional citations for verification. Fake gold coins are common and are usually made of gold-layered alloys.

At the end of 2006, it was estimated that all the gold ever mined totalled 158,000 tonnes (156,000 long tons; 174,000 short tons). Given the huge quantity of gold stored above ground compared to the annual production, the price of gold is mainly affected by changes in sentiment, which affects market supply and demand equally, rather than on changes in annual production. According to the World Gold Council, annual mine production of gold over the last few years has been close to 2,500 tonnes. About 2,000 tonnes goes into jewelry, industrial and dental production, and around 500 tonnes goes to retail investors and exchange-traded gold funds.

Other taxes such as capital gains tax may also apply for individuals depending on their tax residency. Find sources: “Gold as an investment” – news · This section needs additional citations for verification. U.S. citizens may be taxed on their gold profits at collectibles or capital gains rates, depending on the investment vehicle used. Cash for gold – With the rise in the value of gold due to the financial crisis of 2007-2010, there has been a surge in companies that will buy personal gold in exchange for cash, or sell investments in gold bullion and coins. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. · books · scholar · Gold attracts a fair share of fraudulent activity.

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