Gold is a popular investment. It retains value no matter how much time passes, which makes it a viable option for insurance and produces peace of mind in case of financial downfall. But, before trading cash for gold, consider the following questions to determine if this type of investment is right for you.

4 FAQ About Trading Cash for Gold

What’s the best type of gold to own?

If you’re looking for quality, then the gold Eagle bullion coin from the U.S. Mint is the one to purchase. It’s easy enough to find and has the best resale value out of all the other coins. Another option to consider is a gold bar. Its size and shape provides a way to buy in bulk and alleviates the possibility of misplacing smaller coins.

Does it require special care?

There’s no need to worry about tarnish or corrosion with gold. It naturally resists gradual deterioration and will retain its appearance no matter where it’s kept. However, gold is a soft metal, so leave the original packaging on to ensure the coins or bars remain in mint condition.

Will online currencies affect the gold’s value?

While online currencies may seem to be taking the market by storm, they’re less stable than owning gold in its physical form. Up-and-coming projects are continuously being produced, which causes values to fluctuate constantly. Trading cash for gold is a more reliable option to consider when it comes to retaining your investments.

Where should I buy gold?

One of the main benefits of buying locally is that you don’t have to wait for the gold to ship. Determine which pieces best suit your needs, and you can take them home the same day. However, some regions may require local shops to collect a sales tax on gold.

If you’re interested in learning more about trading cash for gold, reach out to the professionals at American Trading Company. They have more than 50 years of industry experience and specialize in pawn transactions and cash loans. Some of the finest U.S. American Eagles and Maple Leaf coins can be found in their collection as well as an assortment of silver coins, bars, and jewelry. Learn more about the items that they buy by visiting their website or calling (513) 661-3633.