Congressionally authorized United States Mint Bullion Coins provide investors with a convenient and cost-effective way to add physical gold, silver, platinum, or palladium to their investment portfolios. The American Eagle Bullion Coin Program was launched in 1986 with the sale of American Eagle Gold and Silver Bullion Coins. Platinum was added to the American Eagle Bullion Coin family in 1997 and palladium in 2017. In 2008, the American Buffalo Bullion Coin Program was introduced. The America the Beautiful Five Ounce Silver Bullion Coin™ Program followed in 2010.
Warren Buffett, the CEO of Berkshire Hathaway (tickere: BRK.A, BRK.B) and perhaps the greatest investor of all time, understands that fear. Gold investors, he says, are "right to be afraid of paper money. Their basic premise that paper money around the world is going to be worth less and less over time is absolutely correct. They have the correct basic premise. They should run from paper money."
As mentioned above, the market for Precious Metals generally moves independent from stocks and bonds. If you buy physical Gold, you can balance your portfolio so you need not fear the NYSE. In an economic slowdown, your Precious Metals may provide a comforting, stable point among your investments. You can easily look up historical Gold prices to see this balance for yourself.
Many investors buying gold turn to gold bullion coins from sovereign mints. Gold coins are a popular choice because the weight and purity of the coins are backed by a central bank and sovereign. Moreover, gold coins are produced on an annual basis to meet consumer demand, so there’s rarely a shortage of gold coins available to those investors who want to purchase the precious metal in this form. The following are some of the most popular gold coins for sale:
The reason gold benefits from a declining U.S. dollar is because gold is priced in U.S. dollars globally. There are two reasons for this relationship. First, investors who are looking at buying gold (i.e., central banks) must sell their U.S. dollars to make this transaction. This ultimately drives the U.S. dollar lower as global investors seek to diversify out of the dollar. The second reason has to do with the fact that a weakening dollar makes gold cheaper for investors who hold other currencies. This results in greater demand from investors who hold currencies that have appreciated relative to the U.S. dollar.
Biblical Silver Coins: Issued for the nation of Niue by the Scottsdale Mint, the Biblical Silver Coin Series launched in 2015 and includes six new designs each year. The silver coins feature images reflective of stories from the Hebrew and Christian bibles, with each design struck on a 2 oz, rimless silver blank with an antique polish. Each design is limited to just 1,499 coins.
Gold mining stocks have their benefits and their drawbacks, and aren't the purest way to own gold. If you choose to take this route, you'll want to pay close attention to a company's mining costs, existing mine portfolio, and expansion opportunities at both existing and new assets. All of these will play a role in determining what an investor is willing to pay for a gold miner's stock (in addition to the spot price of the metal itself, of course).
Bullion coin counterfeits (of all types) used to be rare and fairly easy to detect when comparing their weights, colors and sizes to authentic pieces. This is because the cost of reproducing any given coin precisely can exceed the market value of the originals. However, since about 2015 counterfeit coins are "flooding the market at an astonishing rate" and "it's gotten to the point where even people who deal with coins all the time may not be able to recognize a counterfeit coin right away" (American Numismatic Association (ANA), 2016). The coins consist mostly of tungsten plated thinly with gold, have the correct weight, correct or near-correct dimensions and are professionally produced in China.
A reliable coin and bullion dealer stays on top of the market closings and updates their prices accordingly. At US Bullion Exchange they strive to stay on the top tier of coin retailers and are constantly updating and resupplying their stock of coins and bars. In the interest of allowing their customers to gain the same access as their dealers US Bullion offers a posting of daily closing gold and silver prices.
A bullion coin is a coin struck from precious metal and kept as a store of value or an investment, rather than used in day-to-day commerce. A bullion coin is distinguished by an explicit statement of weight (or mass) and fineness on the coin; this is because the weight and composition of coins intended for legal tender is specified in the coinage laws of the issuing nation, and therefore there is no need for an explicit statement on the coins themselves. The United Kingdom defines investment coins more specifically as coins that have been minted after 1800, have a purity of not less than 900 thousandths and are, or have been, legal tender in their country of origin. Under United States law, "coins" that fail the last of these requirements are not coins at all, and must be advertised as "rounds" instead. Bullion coins are usually available in both gold and silver, with the exceptions of the Krugerrand (note in 2017 the first silver Krugerrand was minted) and the Swiss Vreneli which are only available in gold. The American Eagle and Canadian Gold Maple Leaf series are available in gold, silver and platinum, and palladium.