For those who have already realized the potential of investing in gold, the next question will now be where to find them.
Read on to know more about these areas, how to distinguish genuine gold, and on buying gold in the US as an investment.
The Largest Gold Deposits Found in the US There are four major areas where priced metals such as gold are mined.
These include the Sierra Nevada Basin in California, the Arkansas River in Colorado, Prescott and Stafford in Arizona, and the Florida Gold Coast.
The Sierra Nevada in California had been known since 1860 due to the gold rush.
At present, it is still considered as the largest gold deposit area in the U.
S.
The Arkansas River of Colorado was also recognized for its gold mines during the same period as the California gold rush of the 1800's.
In the Prescott/Stafford area of Arkansas, panning had become popular when searching for gold by local citizens.
Metal detection devices are used for a more effective gold search.
The Gold Coast on the other hand is an open door for mining companies big and small.
It covers the Tequesta and Florida City.
Types of Gold to Purchase There are various types of gold you can buy.
As a form of investment, gold mutual funds and gold exchange traded funds (ETF) are great choices.
The former refers to investing upon companies which mine, purify, and trade gold.
The latter are bonds which have physical gold as backup or proof.
For those who prefer physical gold, bars or bullion of which, coins, and jewelry maybe purchased and stored instead.
On Gold Coins Bullion coins are recommended for those who are only new in this trade.
These are often government produced coins which were circulated in the past or are coined at present as collectibles only.
Their value is determined by the measure of gold found in them.
Some, especially expert coin collectors also look for numismatic coins which are often rare and scarcely found.
Most do not recommend these coins though for beginners and even for gold investors in general.
Characteristics of Genuine Gold The formula used in knowing authentic gold is easy.
Purity when measured lets you know whether or not gold is genuine.
Most settle with at least 99.
9% gold percentage.
The weight depends on which type of gold you are going to buy.
The standard average bar weighs 1000 grams in mass while gold coins on average measure 31.
1 grams or one troy ounce in weight.
How to Buy Gold Buying gold is quite a straightforward and simple affair.
There are plenty of dealers in shopping malls, auctions and probably even more online.
The government, particularly mints, also has coins and gold bars for you to purchase.
The items are often sold in at least four pieces per set.
Buying in bulk actually saves you money as the price per piece or per set of roll becomes cheaper as you purchase more in quantity.
The only trouble is that direct purchase from the mint is not possible.
Private firms which often have websites for more information are also reliable sources if you want to know more about buying gold in the US as an investment.
There also auction websites which offer gold items too.
Furthermore, you can purchase gold from individual dealers with a trusted track record in gold sales.