Submitted By: Jason Wilson
The rapid increase in the purchasing of American gold coins over the past year is due to the weakening of the dollar and fears of recession. Precious metals are what everyone’s looking towards when finding new ways to invest their money.
Gold is the hot item right now as the amount of American gold coins sold this year is well over the 550,000 mark and climbing. This year continues to be the strongest year for the sale of bullion coins since Y2K in 1999.
People are snatching up all the gold coins they can as paper currency continues on a downslide. People are protecting their wealth with gold since it is an investment that you are able to keep on your person, or whatever you choose to do with it.
Having something to hold on to is much less risky than investing in stocks or bonds and in case of an emergency you have the security of knowing it will always be of value in almost any country or situation.
American gold coins are a favorite of investors and collectors alike. They come in 1/10oz, 1/4oz, 1/2oz and 1oz sizes, are made of 22 carat gold and are guaranteed by the U.S. Government to contain the stated amount of weight. They are also very popular due to their beautiful design.
Gold double eagles are one of the more popular and sought after makes of American gold coins. Dating back to the 19th century, these coins were part of the foundation of the U.S. economy and were used by all; they were not just for the rich.
The Liberty Head Gold Double Eagles stand for all that America is about and are a sign of our powerful nation and economy. It’s amazing to think that when these coins were first created they were face value. A $20 dollar Liberty Head was worth the going rate for gold back then of around $20 dollars an ounce.
Saint-Gaudens Gold Double Eagles may be one of the most sought after coins on the market today. Aside from the beautiful design of the coin, this was also one of his last pieces of work as Saint-Gaudens was in ill health when he created this coin. A renowned sculptor that Teddy Roosevelt was friends with, Saint-Gaudens created this coin for America that turned out to be his last project which is why many collectors pay top dollar for the chance to own one of these American gold coins.
The best way to proceed when looking to invest or collect American gold coins is to find a good company that has years of knowledge and experience in the industry. Make sure you do some research on your own and ask plenty of questions to make sure they are familiar with their products. Like anything, experience on the job is extremely valuable and by being familiar with current and past market trends, having extensive numismatics knowledge and the ability to properly convey sound advice, are all key elements that an expert should have in order for you to invest with them.
Published At: Isnare.com Free Articles Directory - http://www.isnare.com/
Permanent Link: http://www.isnare.com/?aid=387886&ca=Finances
Permanent Link: http://www.isnare.com/?aid=387886&ca=Finances
DISCLAIMER: All information, content, and data in this article are sole opinions and/or findings of the individual user or organization that registered and submitted this article at Isnare.com without any fee. The article is strictly for educational or entertainment purposes only and should not be used in any way, implemented or applied without consultation from a professional. We at Isnare.com do not, in anyway, contribute or include our own findings, facts and opinions in any articles presented in this site. Publishing this article does not constitute Isnare.com's support or sponsorship for this article. Isnare.com is an article publishing service. Please read our Terms of Service for more information.