Investing
in the American eagle gold coin
is a good way to hedge against a declining dollar. These coins can
provide the stability, liquidity and diversity you need
in these financially troubling times. For investors wanting to add
precious metals to their portfolio these coins are a great start.
Since the value often moves
independently of stocks and bonds,. the coins consistently hold their
value, no matter how volatile the financial situation is.
These
coins were first authorized for creation by Congress in 1985 and the
first minting started in 1986.with four different sizes, 1 oz., 1/2
oz., 1/4 oz., and 1/10 oz. However it is better to buy the 1 oz coins
due to the smaller coins carrying a higher premiums above spot
prices.
Only gold bullion mined in
the United States can be used in these coins. These are America’s
only official investment grade gold bullion whose weight, purity, and
content are guaranteed by the US Government and they are accepted all
over the world in major investment markets.
Because they are the number
one gold bullion coins in the world, you can easily buy them. They
are also easily converted into cash at most coin and precious metal
dealers because of their government backing and their recognition
worldwide.
The price of the American
Eagle Gold coin is determined by the market price of gold at the time
of sale or purchase. You don't purchase Bullion coins from the mint,
you purchase them from an authorized dealer, who sells them at a
price above the price of gold.
You
can legally purchase gold bullion through an IRA account, but you are
going to have to taxes on it if you plan on holding it as an asset.
You would be better off placing the coins in a safety deposit box.
Paul Mladjenovic, author of "Precious Metals Investing For
Dummies", says you should hold them at least a minimum of three
years. The
coins should also be insured for their full value.
If you're looking for a good safe invest that can withstand the threat of inflation the American Eagle Gold coin is a good bet. And that says it all.
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