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Gold Coins

July 24, 2009 – Gold coins have become a very popular safe haven diversification in the United States because American investors have been turning to the metal in the past eight years as a hedge from the contractions that have been occurring with dollar-backed assets. As you may already know, stock, bond and real estate markets have contracted significantly since the turn of the millennium, and fortunately the wise investors who have owned gold coins since then have made more than 300% on their initial investments. Historically, gold has proven its ability as the ultimate store of wealth because when paper money is in serious trouble, the metal tends to thrive as it is commonly seen as an asset that holds true value. This is precisely why large banks and financial institutions hold vaults full of gold as a backup plan in the event that the United States Dollar loses all its value.

There are many different types of gold coins that investors purchase on a day-to-day basis. When entering this diverse market, it’s very important that you understand what you seek from gold in order to maximize your investing potential. If you’re looking for short-term profit, then your best bet may be purchasing modern-day bullion coins such as the 22-karat American Eagles or 24-karat Canadian Maple Leafs. On the other hand, if you’re looking for long-term preservation, then your best bet may be purchasing pre-1933 certified rare coins such as the 22-karat $20 Saint Gaudens or $20 Lady Liberty. As you can see, there are many options that can lead you to different places, and that is why I always recommend that investors work directly with a market expert in order to assure themselves that they are entering the market with the appropriate diversification. Happy investing.

Shannon King

Senior Staff Writer – GoldSilver.org

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