US investors have watched the gold spot price rise from the high $800s to $1134, during the same time that our traditional investments have been devalued substantially. There are a variety of ways to invest in gold, but many people buy Gold Eagles as their gold diversification.
The US Mint has produced the American Gold Eagle coin every year since 1986, but the US Mint recently posted through its website (www.USMint.gov) that they will not produce the one-ounce Gold Eagle until further notice. Investors and collectors have scrambled to find a sufficient supply of gold for their portfolios, and they have sought Gold Eagles for a few specific reasons. Investors buy Gold Eagles because these coins are:
American-Made – Even though our nation’s dollar is struggling to maintain its solvency, not all American currency is worthless in the eyes of the international community. US-minted gold coins are legal tender, and they are an excellent way to invest in the United States without unnecessarily holding the greenback.
Liquid – Were the dollar to become defunct overnight, gold coins like the American Eagle would be accepted as payment for goods and services. This scenario is unlikely to occur without a gold bullion confiscation occurring first, but liquidity is also important for investors who plan to sell their coins for a profit down the road.
Privately-Held – Unlike gold stocks and exchange traded funds, Gold Eagle coins are a palpable gold investment that can be stored by the investor. In today’s nasty economic climate, it is vital to have some self-empowerment in hand.
Potentially-Profitable – Although many of today’s investors buy gold for its wealth protection abilities, projections are for gold investors to see significant profits throughout the next few years. Gold prices have risen every year since 2001, and economists expect gold and other commodities to rise in value throughout our current recession.
If you have lost or ant to protect your hard-earned wealth because of the current US economic scene, you may benefit from owning physical gold. In case everything else falls apart, a physical gold investment could work as your last line of defense in a financial emergency. Contact us directly to find out more about how to buy Gold Eagles and other precious metal investments.
Steven Martin
Senior Gold Specialist - Buy-Gold.org
