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Buy the American eagle gold coin bullion, mint, and proof as hedge against inflation – 22k gold American eagle coin
No CommentsInterest in the American eagle gold coin bullion, mint, and proofs has grown strong in recent months as the price of gold has climbed up to over $1,100 per ounce. People that once never considered purchasing gold are coming out and trading their cash and other assets for gold coins. Many American’s are adding more gold to their IRS’s to protect their investment from the sliding dollar. The American eagle gold coin has become a popular gold coin for buyers around the world because this coin the only 22 karat gold coin that is guaranteed by the United States government to contain the correct purity and weight. No other coin is guaranteed by the United States federal government except for the buffalo gold coin.
There are two methods that you can use to obtain an American eagle gold coin. The first method is by purchasing directly from the US mint. The US mint will only sell gold coin proofs and not the bullion coins. The difference between the two is that the bullions are for investors while the proofs are more less for coin collectors. The proofs actually come in a nice case along with paperwork and a certificate of authenticity.
Gold bullion coins are created for investors and can not be purchased directly by the government. The government actually sells this gold to select gold distributors. The government doesn’t let just anyone sell these coins. There are strict requirements set by the federal government if a company wants to sell the American eagle gold coin. For starters, they must have millions in tangible assets. You can purchase these gold coins through an authorized dealer or from auction sites such as eBay. When purchasing on eBay, you will want to take extra precaution and avoid gold scammers.
As for price, you should expect to pay the current price of gold, plus a small premium. When gold is $1,100 an ounce you can purchase a one ounce American eagle coin for about $1,200.
Author: Allen Dukes
Published on March 12, 2010 · Filed under: Commodity Watch;
