American Gold Eagles as a hedge against inflation
Gold, known as the king of precious metals, has been an obsession of mankind's for all of recorded history. First coined by the Romans in 50 B.C., it was used as currency in China more than 3,000 years ago. And since its discovery, it has maintained its inherent value. Investors in gold will never be left with a worthless metal. Gold is tangible asset completely safe from fraud or scandal. The most powerful function of gold, the most convertible of all the precious metals, is its performance as a hedge against inflation and the continuing devaluation of the American dollar. The declining dollar is good news for investors in the precious metal as, historically, gold has tended to outperform other common investments during times of political or economic upheaval. American Eagle Gold Bullion Coins offer an affordable way to add gold to your portfolio. The American Eagle Bullion Coin was first minted in 1986. The obverse of the coin is based on the design of world-renowned American sculptor Augustus Saint-Gaudens produced for the prized 1907 $20 gold coin. The reverse pictures a family of eagles. Gold Eagles are backed -weight and purity –by the U.S. government, thus they are legal tender and can be sold for cash and coins at precious metal dealers the world over. Buying the gold bullion is as simple as visiting your nearest coin or precious metals dealer or even a brokerage house or participating bank. They are available in four denominations and sell at a variety of prices. They sell at the prevailing market price along with a small premium to cover their coinage and distribution costs.
July 14, 2014 | Categories: Gold