Sunday, September 16, 2012

Investing in Gold is a Security Blanket

Throughout the history, gold is used as money. It became the standard for currency as we read through the stories in the olden days of civilization. Gold is a precious metal and it is the most popular as an investment these days. In my readings, I gathered that people invest in gold to protect their wealth and asset against war; inflation; currency crisis; economic difficulty as well as political and social unrest.

According to a study, gold behaves like a currency than a commodity. Isn’t it obvious? Investing in American gold coins is a common way of owning gold. Depending on rarity and condition, it is priced mainly by supply and demand.

The American Gold Eagle coins are the official gold bullion coin of the United States and it is authorized under the Gold Bullion Coin Act of 1985. In 1986, American Gold eagle coin was first released by the United States Mint.

As what I gathered from my reading, the market value of the coins is about equal to the market value of their gold content and it is interesting to note that, it’s not about on their face value. If you plan to invest in gold coins, please remember that the United States Mint has a proof version for coin collectors and are produced at the West Point Mint in West Point, New York with the mint's mark ("W") just below the date. You should take note on that.

In Canada, some people invest in Canadian Silver Maple Leaf which is a silver bullion coin. It is issued every year by Canadian Government. It has been minted by the Royal Canadian Mint (R.C.M.) for more than 2 decades ago. The face value of the 1 oz coin is 5 Canadian dollars which is the highest among international silver bullion coins. Its purity is being rated as excellent.

One of the most popular Gold bullion coin in the US is 1 oz gold american eagle and if you check out how it looks like, you will appreciate its gorgeous beauty. Now, are you planning for invest in Gold? Visit the Website today for more information about investing in gold.

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