With the price of gold remaining higher than ever, many new investors are looking into adding physical gold to their portfolio. Gold has been the preferred investment during times of economic difficulties because it is an excellent hedge against inflation. With many Americans anticipating hyperinflation in the future, they are cashing in and purchasing gold.
Physical gold is sold in many forms, weights and purities. You can purchase gold nuggets, gold bars, gold dust, or gold coins. One of the most preferred ways to purchase gold is the gold coin and one of the most popular gold coins is the American eagle coin. This coin is chosen by many investors because it carries a guaranty by the United States government to contain the correct weight and purity. For this reason, it has become favored my many investors.
The gold eagle can be purchased at a local retailer or even online. These coins usually go for the current price of gold, plus a small premium. The premium is usually less than $80 for a one ounce coin. Other coins can be purchased from a quarter ounce on up.
The American eagle gold coin has been a favorite for investors in the past couple of decades and is becoming more popular each day. If you are interested in purchasing a gold eagle today you are looking at paying somewhere around $1,265 for a one ounce coin. This price will vary depending on where you shop.
Author: Mike Smitt
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