Tips for Buying Cheap 1 oz Gold Krugerrand

With the World economy turmoil, it is no secret that we are living in uncertain times. Seasoned investors have recently been turning to one of the safest investment- gold, and gold coins in particular. Gold is Recession Proof, with its price recently hitting $900 per ounce. Gold coins, especially low-premium gold bullion coins such as 1 oz gold Krugerrand, have become favorites of seasoned gold bullion investors.

1 oz gold Krugerrand is the best known of all the modern gold bullion coins. Made from exactly 1 oz of pure gold, 1 oz Krugerrand gold coin is one of the most available and best-priced coins of its types on the market. In comparison to sovereigns, 1 oz gold Krugerrand coin may not look as nice as other coins for collection purpose. However, It is extremely popular as a solid investment against recession and deflation. What they lack in looks, however, they make up for in high cost effectiveness for small investors who want to buy more gold for the fixed budget.

Considering gold is now trading around $900 per ounce, you may ask how it is possible to buy cheap 1 oz gold Krugerrand coin now. Firstly, you need to do a bit research yourself, checking gold trading prices on daily basis and read some expert analysis of gold market value trending. Decide the timing of purchase is an important factor to get a good deal, since the 1 oz gold Krugerrand coin is valued at the current market value of 1 troy oz. gold. In other words, the coin's value is based upon the market value of one-ounce 22 carat gold it contains

In addition, try to buy 1 oz gold Krugerrand coin online via auction sites such as KrugerrandGoldCoins.com. Forget about local Gold Coin retailers or dealers ----- We now live in the “cyber-society” thanks to the Internet. Online Gold Coin auctioning has become a flourishing and very active market. Online auction sites such as KrugerrandGoldCoins.com tend to offer wider selection of Krugerrand coins and list up-to-the-minute deals constantly, due to the nature of these sites.

Remember to always purchase 1 oz Gold Krugerrand from a reputable seller, by looking at their feedback score. You can also view the comments previous customers have left for the seller. Ideally, you would want to do business with a seller with a feedback score of 100%. But you have to take everything into consideration. If a seller has a feedback score of less than 100% he still may be a reputable dealer.