Many investors introduced themselves to the gold market last week, and their increased demand for safe-haven assets allowed some gold coins to reach new all-time heights. The one-ounce American Eagle gold coin is valued at almost $1200, and the intricately detailed Proof version of this coin is now trading in the $2000 range.
Investors buy American Eagle Proof coins because there are considered rare and unusual pieces by our government. They are not deemed a confiscatable bullion-type item, and the Proof coin is the only non-confiscatable coins permitted for IRA storage. Investors buy American Eagle proof coins ravenously when they are available because they are in limited supply, and the one-ounce variety of these coins are projected to achieve a value of more than $4500 within the next decade. The American Eagle Proof has increased 18.7% within the last four months, and it has been projected to increase by 18-24% in 2010.
Many market experts believe that using a “quarter on the dollar” strategy is a wise way to approach gold investing. Historically, 20-30% of your assets working in gold will offset losses suffered in the remaining portions of your portfolio. This could be why so many investors have decided to buy American Eagle Proof coins, because the profit and security that these coins could provide over the long-term is more preferable than losing stocks and devalued dollar-backed assets.
It is quick and easy to trade American Eagle coins and other types of precious metal investments, and you can learn more about precious metal investing by contacting us directly and requesting your free copy of our Insider’s Guide To Gold Investing.
Steven Martin
Senior Gold Specialist - Buy-Gold.org
