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2001 Gold Coin
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Warning - Do Not Buy Gold
Whatever you do, do not buy gold! It's just not a good investment. Since 2001, gold demand has skyrocketed as global investors flocked to the precious metal in order to benefit from its questionable properties. American investors should be aware that there is nothing special about gold, and that its demand is increasing only because people are scared of what could happen to our economy and US Dollar. How will owning gold help you survive an economic collapse? Below I have explained three reasons why you should not buy gold.
Gold is real money with real value – For over 6000 years, gold has been used as the ultimate form of currency because it is real money with real value that holds purchasing power despite weaknesses with paper currencies. Many politicians, investors and economists believe that gold will replace the United States Dollar as World Reserve Currency because paper currencies have become too risky to own nowadays. If this happens, gold could become one of the most in-demand investments in the world. For this reason, you should not buy gold unless you need a safe-haven asset with real value, and nobody wants that.
Gold is anti-inflationary – In the past few years, the United States Government has overprinted hundreds of billions of dollars in the form of stimulus and quantitative easing packages in an attempt to temporarily prevent an absolute economic collapse. Economics prove that the more paper currency a government prints, the higher inflation will soar. This has resulted in Consumer Price Inflation rising to 4.5%, or more than twice the government's long-term target of 2%. At this current rate, we could see the prices of goods and services double in just a few years. Imagine paying $10 for a gallon of gas or $18 for a pack of cigarettes. This is very much a reality that we could see in the near future. Historically, gold acts as an anti-inflationary device because it tends to trade inversely with paper currencies. As the United States Dollar continues to lose value and spending power, gold could continue increasing in value significantly as it has many times in the past. It just doesn't make sense to buy gold when inflation is soaring.
Gold is profitable – Gold has increased in value more than 600% since 2001. A measly million dollars of gold in 2001 is worth more than six million in 2011. During this same time frame, many stocks, bonds, real estate holdings and cash accounts lost significant value. Who wants 600% profit when you can obtain losses with dollar-backed assets? Making money too fast is not for everybody, and most people just aren't up for it. To make matters even worse, many gold market analysts predict that the metal could reach $2000 per ounce by next year and possibly $5000 per ounce in the next few years if economic conditions worsen. Who needs gold anyway?
About the Author
Kevin Johnson is an award-winning author and gold coin market analyst who writes about investments in silver, platinum, and gold coins. To read more by Kevin Johnson and to learn more about gold coin investments please visit www.GoldCoin.net or call 1 (800) 425-5672.
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Frequently Asked Questions...
Gold sided Kentucky quarter?
I have come across a 2001 Kentucky state quarter(P). All seems fine with it, except the back of the coin appears to be gold. The gold is not a coating or possible residue on the coin, and seems to be stamped into it. I've done basic Google searches, and came up empty. If anyone could tell me if i have some kind of misprint, i would appreciate it.
Answer:
Can't help you too much without pictures. However, I can see two options.
Your coin could be gold plated. An interesting novelty but there is no greatly enhanced value. Fun to have though. If I'd found it, I'd keep it in my collection.
Your coin has toned or changed colors due to environmental or intentional forces. Some people collect toned coins but again it's not greatly valuable.
Value is largely dependent on condition, mint marks and the number of coins available.
1 - Take your coin to a local coin dealer (trustworthy ones can be found - shop around). It never hurts to get a second opinion. They will be able to tell you so much more by evaluation the condition of the coins. They will also know the amount minted and what it is going for in today's market.
2 - Try posting pictures on this website (there are many experts here that can help you evaluate it - there also may be people willing to buy if you are trying to sell):
http://www.coincommunity.com/forum/default.asp
3 - Repost this question and include pictures. You can use websites like http://www.photobucket.com and include the link in your question.
Good luck!
P.S. You should not clean your coins. Most coin collectors see cleaning a coin as the equivalent of stripping down antique furniture and refinishing it.
When cleaning, the surface metal of the coin is often stripped. Anything used to scrub the coin will leave scratches (even 100% pure silk will leave hairline scratches). Most cleaning products will have some type of reaction with the coin's metal and the surface metal can also be removed in this manner.
Your best bet is to leave the coins alone. Cleaning the coin will leave traces - which can be found by the knowledgeable collector - who in turn will not buy the cleaned coin. Also if you ever wanted to send your coin into a grading company, they can recognize signs of cleaning and will send your coin back in a "cleaned" slab (also called a "body bag" in the coin world) - which is usually a greatly decreased value.
If you absolutely must must must clean your coins do not use the method described above as it will react with the metal in your coin. Use 100% acetone (do not use fingernail polish remover!). It must be 100% pure because other additives will react with the coin metal. Place your coin(s) in the solution for several minutes (do not leave in for long periods of time). Rinse your coin(s) in distilled water. Next remove your coins and either pat dry with a soft cloth or allow the coin to air dry (air drying is better as you don't risk scratching the coin with the cloth). NEVER scrub your coins!
I would still advise you to leave your coins as they are. They may not be bright and shiny but that is what most collectors prefer.




















































































