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Saturday, July 27, 2013

Gold Bullion Coin



October 19, 2009 by · Leave a Comment 

Everyone got a good hard look at precious metals investment in action over the last two weeks, as gold repeatedly surpassed it’s all-time high on consecutive days. Now that gold prices have retreated to $1055 levels, more investors are considering an investment in gold bullion coin. Bullion coins like the modern, 22-Karat, American Eagle $50 gold coins are only slightly more costly than the current spot price of gold, and the U.S. government backs their weight, and precious metal content, which is one full Troy ounce of pure gold. Since American Eagle gold bullion coin possess no numismatic value like rare coins do, they are widely used to capitalize on potential short-term gains, as diversifications for far more costly rare, certified coins, or as long-term, government approved, gold-backed IRA contributions.

Gold backed retirement accounts have recieved consistently growing consideration by baby-boomers in particular since 2007, as traditional IRA’s with holdings in stocks and bonds have lost $trillions since then. Rare coins aren’t permitted for IRA storage, and the aforementioned American Eagle gold bullion coin is the only 22-Karat coinage that is permitted. 24-Karat bullion bars are allowed in these IRAs, along with 24-Karat bullion coins like American Buffalos, Chinese Pandas, Austrian Philharmonics, Australian Kangaroos, Koalas, and Lunar coins, as well as Canadian Maple Leafs. All of these coins are also minted in smaller denominations like ½-ounce, ¼-ounce, and 1/10-ounces, to customize a wide range of budgets. Investors are encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on bullion, and rare coin.

Danny Burns

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