People all over the world have always bought coins and bars of gold. Gold is a soft metal and requires other metals like silver and copper to make it hard. The Government of America from time to time issues bullions. People collect them for various reasons – some as an investment for the premium they may be able to earn on the spot, others as a collector’s item.
For those who buy these items, the question arises whether to buy an American Eagle gold coin or a Canadian maple coin.
Let us examine both.
The American Eagle gold coin is a 22 carat full ounce of gold. It was authorized by The Bulion Coin Act of 1985. They have since become one of the leading gold bullion coins.
The American Eagle gold coin contains the amount of gold stated. The obverse and reverse designs are historically inspired. They are a work of beauty and are one of the most valued coins in the world.
These coins being guaranteed by the Government of America can be bought without any worries and included by individuals in their Individual Retirement Accounts.
Gold has often been used to diversify portfolios. In the form of bars and bullions. The American Eagle being backed by the Government of America are accepted by major investment markets all over. These coins can be purchased from major dealers, brokerage houses and banks and likewise be sold. Newspapers publish the daily value of gold. On a day that seems suitable, an individual can make a purchase and hold on to it for as long as he desires.
The Canadian maple Leaf is a competitor of the American Eagle. In its purity content, the Maple leaf is a .999 while the American Eagle is .99 Within the US, The American Eagle enjoys more popularity while out of it, the Maple is more popular. It is 24 carat gold.
Those buying gold coins should store them in a safety locker at home and avoid keeping them with a dealer. When purchasing, make enquiries to find out if the dealer charges a premium fee.
Like the stock market, when the economy fluctuates gold prices may also fluctuate accordingly. It is best to avoid rare coins and go for denominations that are more easily sold in the market. Avoid dealers who offer free storage and read reviews, if available.
Both the American Eagle and the Canadian Maple are easy to buy and sell. Having said that, purchasing either remains an individual choice and decision.