Top Gold Products Every Precious Metal Investor Must Own
Gold is a hot commodity right now, especially since investors are wary of the future of most markets due to COVID-19.
There are many options available on the market for investments in gold, you can opt for a futures contract, invest in gold mining stocks, be part of a gold mutual fund, or even buy a proxy for gold (ETF). However, there’s nothing better than investing in gold bars and coins.
Within the market for gold coins, there are many to choose from. Each has their own characteristic and is ideal for a particular kind of investor.
Here are some of the top gold coins to invest in:
American Eagle 1 Ounce coin
The American Eagle embodies the American spirit and is therefore recognizable all over the world. With Liberty on one side and bald eagles on the other, these valuable coins are 1 ounce of metals drawn from American mines. These coins contain 3% silver, 5.33% copper for hardness and durability.
These coins are issues in limited quantity each year. They therefore, offer investors proof as well as uncirculated coins. Proofs are known to have more minute detail and are the highest standard provided by the minter.
Uncirculated coins, on the other hand, are burnished blanks that are hand fed into the press and have the West Point mint mark. The American Eagle coin contains 1 ounce of fine gold that gives it its value.
These coins are a top seller among collectors and investors because they are simple to value and are easily sold. These coins are an approved asset for an IRA and are ideal for diversifying your portfolio and saving for retirement.
Canadian Maple Leaf
The Royal Canadian Mint set itself apart from the very beginning. Their unique quality gave them an edge over other gold coins available in the market.
The Canadian Maple Leaf 1 ounce coin began as a 24K coin and till today holds this value. Canadian gold coins are known for the purity and the Maple leaf carries its own value too.
For many years, this gold coin only had one competitor, the Austrian Krugerrand. This was before the American Buffalo was produced. The Canadian Maple Leaf has been in production since 1979 and investors all over the world prefer them over other coins. There has been a dip in sales as investors began to value silver variants more.
Gold bars are another product that makes for a great investment. Unlike the uniqueness of gold coins, gold bars is all about its purity.
There will be many sellers on the market, however, you cannot opt for one without doing prior research. Only trust one of the top gold investment companies with this task.
Orion Metal Exchange is one such precious metals provider that provides authentic gold and silver coins. We have been in the industry for over 50 years now and have gained much knowledge of this industry.
Whether you are looking to buy precious metals or liquidate, get in touch with our experts at +1 800 559 0088.