Commodity Online CALIFORNIA: Investing are buying up gold coins and bullion and it will remain a hot commodity until the recessionary trends are over whether it is in India or USA. Recently in India, the postal department, India Post had extended its sale of gold coins which began in October due to overwhelming response from investors. Large and small investors are buying up whatever gold coins are available according to Merit Financial, a leading US dealer and advisor for precious metals.
The prices for gold, silver and platinum are reaching all time highs and investment companies feel they will continue to do move in a positive direction. Some experts have stated that gold could possibly reach $1,200/oz or higher by the end of the year, Merit Financial said in a release.
Now is the time to buy and investing in gold is a must for anyone serious about building their portfolio. Coins and bullion should make up around 10-20% of investor portfolio, owning physical metals is crucial to portfolio diversification, according to Merit Financial.
Holding on to your coins and bullion for a minimum of 3-5 years will yield the best returns. For numismatic coins, that can potentially provide much greater returns than bullion, there is a recommended holding period of 5-10 years to overcome the spreads and realize potential profits, Merit Financial said.
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Some of the popular gold coins worldwide are:-
The Swiss 20 Franc Gold Coin
The Swiss 20 Franc is one of the classic European gold coins, and is a favorite among investors worldwide. Switzerland has long been associated with neutrality and financial stability, and has long backed their currency with gold. Each of these pre 1933 coins contains just under a fifth of an ounce of gold, making them highly liquid in smaller increments.
The British Sovereign
British Sovereigns take their name from the depiction of sovereign kings on the obverse of the coins. In circulation for more than 500 years, British Sovereigns are universally recognized, with purity and gold content guaranteed by the British Government. Each of these coins weighs in at just under one quarter of an ounce of gold
American Eagle Gold Coin
South Africa has long been a leader in gold production world wide. First struck in 1967, the Krugerrand is an internationally recognized bullion coin and is traded close to the gold spot price across the globe.
Canadian Maple Leaf
The Canadian Maple Leaf's gold content is guaranteed to be at least 99.99% pure by the Canadian Government. Like the Krugerrand, the Maple Leaf is a 24k gold coin. Be sure to ask about the new 2007 "Five Nines" Maple Leaf. These are the first coins ever minted with a guaranteed purity of 99.999%!
Philharmonic Gold Coin
Produced by the Austrian government, this modern bullion coin is recognized world wide. The reverse depicts a set of instruments in commemoration of Austria's wealth of musical heritage.
(Courtesy: 24-7PressRelease)