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Canadian Gold Coins - A Great Hedge Against Inflation
Precious metals have been effective for 100s of years as being a durable type of currency. With present economic turmoil in the world's markets Gold is a superb way to diversify your portfolio and safeguard your prosperity. Running a close second to American Golden Eagle Coins are Canadian gold coins and in particular the Canadian Gold Maple Leaf.
Canadian gold coins are minted via the Royal Canadian Mint which boasts to developing one of the world's most popular gold bullion coins with the Canadian Maple Leaf. This much wanted coin is nearly 24 karats or 99.99% pure gold. The Canadian Government guarantee the coin for its precious metal content and authenticity making sure an extremely liquid and worldwide marketplace.
The Canadian Gold Maple Leaf coin was initially struck in 1979 and it's only direct competitor within the gold bullion coin marketplace was the Krugerrand. The kruggerand struggled within the markets because of the imposed sanctions of the then South African political position, which therefore helped the Maple Leaf confirm itself as worldwide market leader, a grip the coin still holds today.
The Canadian Government guarantees the various denominations of the Maple Leaf contain the confirmed amount in troy ounces of .9999 fine gold. The coins have face values of $1, $5, $10, twenty dollars and $50 and are legal tender in Canada. Back in 1988 the Maple Leaf was also struck in platinum which has identical face values and weights as their gold counterparts. Since then a .9999 silver $5 maple leaf along with a .9995 1oz $50 palladium coins have additionally been struck.
If you are lucky enough to possess the cash the Royal Canadian Mint does offer by special order a Gold Maple Leaf that has a face value of $1 million, but the gold content is close in worth to two million dollars. Unofficial reports state that the Canadian Mint has received 5 orders for the coins at around $3.5 million a piece.
In volatile economic times it is extremely important to safeguard your portfolio and investing in gold is an effective way to hedge against inflation. By investing in Canadian gold coins not just do you invest in a market not usually subject to the same instability as more established investments you invest in a precious metal of utmost splendor and scarcity.
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