Gold bullion has long been considered an effective way to hedge against both inflation and recession. The gold market continues to offer opportunities for those who are interested in investing in gold coins as part of their portfolio or to have readily available currency if needed.
It is essential to keep in mind that gold coins for investment purposes are not rare or valuable collector coins. Gold bullion is valued for its guaranteed gold content and not due to other factors, as is the case with collectible gold coins.
The Importance of Investing in Gold Coins
All gold is not the same, just as bullion and collectible coins are not the same. When it comes to investing in gold items, such as jewelry, the market value of this type of gold is more like collectible coins. It can also be difficult to find buyers and to get more than bullion prices, even for elaborate pieces.
Choose the Right Gold Coins
When investing in gold coins, choose wisely. Most investors recommend the American Eagle gold coins, particularly for those concerned about the coins’ potential liquidity. These are recognized worldwide and available at different gold content levels to match your investment budget.
Gold Canadian Maple Leaf coins are also a good choice for those investing in gold coins. They are also available at one ounce to a quarter ounce, allowing you to choose your investment level.
Both these coins qualify as allowed gold coins for a gold IRA. Other gold coins may not be permitted in a gold IRA.