People are always looking for a safe avenue of investment. The problem with almost all the low risk investment options is that the returns are also rather low. Gold coin investment however can be considered an exception. In most low risk cases, the investment results are not able to match with the levels of inflation and the investor loses money when it comes to the final calculations. On the other hand the price of gold is able to keep up with inflation in most cases.
Gold has an ability to attract almost everyone. Gold coins have this ability in enhanced degrees because not only is the gold very pricey itself, when it is shaped as coin, it becomes the ultimate personification of wealth. But the fact is that gold has much more than just emotional appeal. It is a long term investment, which allows people enjoy their wealth for lifetime and for generations to come.
If you want to make investment for any reason, there are a number of options called the investment vehicles which you can choose from. There are stocks and securities, bonds and mutual funds which are available to any investor. These investment vehicles can generate heavy return for any investor but the risk involved in the vehicles is also high. If you do not want to go with a high risk option you have to go either for real estate which can be leased or you have to go for low risk options.
The low risk options are government bonds issued by the Department of Treasury. The only drawback with these vehicles is that the return that you get is based on a fixed interest percentage set by the government. The investment interest is generally adjusted to stay at par with the rate of inflation. This means that the return on investments is still low. Gold coins on the other hand have a totally different approach.
There are two reasons that make gold coin investment a wise decision. First it is made of gold which rarely loses value. Second is that once a gold coin becomes old enough, it becomes a collector's item. In this case the value of gold coin grows manifold. There is a collector who has purchased an American $20 double eagle gold coin was sold for a whopping $7,590, 020 at an auction.. The coin was first introduced in 1933 and the auction was held in 2002.
Gold coin investment is a lucrative option. If the gold coin is kept properly, it carries the value of gold and all of us know that gold prices rarely go down. Keep the gold coin for long enough and you have a gold mine in your pocket.
Tag: Gold, coin, investment, Paul Abbey, Gold coin
By Paul Abbey
Article Source: EzineArticles
US Mint Suspended Production of the American Buffalo Gold Coin - Limited Quantities Still Available!
Tuesday, August 4, 2009
As of September 26 2008, the US Mint ceased production of the American Buffalo Gold Coin series. The official word is that the huge demand for these coins could not be met. The series was introduced in 2006 to fill a void in the US bullion market for a 24 Karat coin to compete with the Gold Maple Leaf & other 99.9% pure foreign gold coins. These coins are highly prized as a hedge against inflation in these turbulent economic times & only limited quantities are still available on the secondary market.
The American Buffalo Gold Coin was first released for issue in 2006 in a $50 1ounce denomination that was 99.99% pure gold. American investors were purchasing the Canadian Gold Maple Leaf & other foreign bullion coins with 99.99% gold content, as opposed to the American Gold Eagle, which has only 91.67% gold content. The coin is based on the Buffalo nickel design created by James Earl Fraser in 1913, widely considered as one of the most beautiful coins in the US Mint's history.
This design has translated very well when struck as a gold coin, particularly the proofs. The coin has performed admirably in the 24K bullion market & is very popular. It was minted in both normal & proof varieties, with the proofs having a frosty finish to the relief of the coin & mirror like gold fields. In 2008 the coin was also minted in $5, $10, & $25 denominations containing 1/10th, 1/4, or 1/2 ounce of 99.99% pure gold, respectively.
On September 26, 2008, the mint announced that it could not keep up with the demand for this popular coin & suspended its production. That is the official word on the cessation of production, but one has to wonder if the economic downturn had anything to do with the halt in production. When the stock market is in distress & inflation is high, investors seek the security of gold to protect against losses.
As long as there was an outlet for a gold investment provided by the government, savvy investors were likely to seek that investment at precisely the time that the Federal Reserve would like to force people back in the market. It is a shame that that hedge was taken away at precisely the time it would be needed most.
There remains a secondary market for the resale of these coins, particularly on eBay. As long as you stick with slabbed coins graded professionally by PCGS, NGC, or the like, your chances of buying a counterfeit are extremely slim. With a sharp eye & some research, you can quickly tell the difference between a genuine coin & a copy after you have looked at photos of a bunch of these coins.
Every savvy investor should own at least a coin or two of this type, even if it is only 1 of the $5 or $10 coins. They are a beautiful & easy way to shelter large chunks of money in a small amount of space. As the government spends & prints more & more money & inflation increases, gold is a safe bet to continue to increase in value as the value of the dollar declines.
Don't allow your hard earned money to be eaten away by inflation! In these rough economic times, every household should hold some of its cash reserves in gold. For thousands of years it has been a hedge to protect its owners from currency inflation. As the value of our dollar continues to decrease, the value of gold is almost certain to skyrocket! The American Gold Buffalo Coin is a fun, attractive way to protect a large number of dollars in a very small space. Even though the mint has ceased making new coins, there is a very strong secondary market for resale of these coins, particularly on eBay.
Andrew Spaeth has created an easy way to purchase the American Gold Buffalo coin on eBay, without the hassle of searching through the annoying pages of replica & copy coins that plague eBay. To view his continually updating page of AUTHENTIC American Buffalo eBay auctions go to http://www.oldunitedstatescoins.com/american-buffalo-gold-coin. Your financial statement will thank you many times over the coming years!
By Andrew Spaeth
Article Source: EzineArticles.com
Tag: American, Buffalo, Gold, Coin, eBay, American Gold Buffalo coin, Gold Maple Leaf, US Mint, Andrew Spaeth
The American Buffalo Gold Coin was first released for issue in 2006 in a $50 1ounce denomination that was 99.99% pure gold. American investors were purchasing the Canadian Gold Maple Leaf & other foreign bullion coins with 99.99% gold content, as opposed to the American Gold Eagle, which has only 91.67% gold content. The coin is based on the Buffalo nickel design created by James Earl Fraser in 1913, widely considered as one of the most beautiful coins in the US Mint's history.
This design has translated very well when struck as a gold coin, particularly the proofs. The coin has performed admirably in the 24K bullion market & is very popular. It was minted in both normal & proof varieties, with the proofs having a frosty finish to the relief of the coin & mirror like gold fields. In 2008 the coin was also minted in $5, $10, & $25 denominations containing 1/10th, 1/4, or 1/2 ounce of 99.99% pure gold, respectively.
On September 26, 2008, the mint announced that it could not keep up with the demand for this popular coin & suspended its production. That is the official word on the cessation of production, but one has to wonder if the economic downturn had anything to do with the halt in production. When the stock market is in distress & inflation is high, investors seek the security of gold to protect against losses.
As long as there was an outlet for a gold investment provided by the government, savvy investors were likely to seek that investment at precisely the time that the Federal Reserve would like to force people back in the market. It is a shame that that hedge was taken away at precisely the time it would be needed most.
There remains a secondary market for the resale of these coins, particularly on eBay. As long as you stick with slabbed coins graded professionally by PCGS, NGC, or the like, your chances of buying a counterfeit are extremely slim. With a sharp eye & some research, you can quickly tell the difference between a genuine coin & a copy after you have looked at photos of a bunch of these coins.
Every savvy investor should own at least a coin or two of this type, even if it is only 1 of the $5 or $10 coins. They are a beautiful & easy way to shelter large chunks of money in a small amount of space. As the government spends & prints more & more money & inflation increases, gold is a safe bet to continue to increase in value as the value of the dollar declines.
Don't allow your hard earned money to be eaten away by inflation! In these rough economic times, every household should hold some of its cash reserves in gold. For thousands of years it has been a hedge to protect its owners from currency inflation. As the value of our dollar continues to decrease, the value of gold is almost certain to skyrocket! The American Gold Buffalo Coin is a fun, attractive way to protect a large number of dollars in a very small space. Even though the mint has ceased making new coins, there is a very strong secondary market for resale of these coins, particularly on eBay.
Andrew Spaeth has created an easy way to purchase the American Gold Buffalo coin on eBay, without the hassle of searching through the annoying pages of replica & copy coins that plague eBay. To view his continually updating page of AUTHENTIC American Buffalo eBay auctions go to http://www.oldunitedstatescoins.com/american-buffalo-gold-coin. Your financial statement will thank you many times over the coming years!
By Andrew Spaeth
Article Source: EzineArticles.com
Tag: American, Buffalo, Gold, Coin, eBay, American Gold Buffalo coin, Gold Maple Leaf, US Mint, Andrew Spaeth
