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5 Traditional Gold Investments

By    |   Sunday, 14 June 2015 11:27 PM

The most traditional type of gold investment is the direct purchase of this precious metal in its physical form, meaning gold of verifiable quality and purity refined into bars or minted as coins and available through a reputable dealer.

Also, gold bars and coins as investments should be held for at least three years, and not scooped up and dumped in short-term trading, Paul Mladjenovic, author of "Precious Metals Investing For Dummies," told Bankrate.

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Here are five traditional gold investments.

1. American Eagle
One of the world's most recognizable gold coins, the one-ounce Eagle is produced by the U.S. Mint and guaranteed for weight, content and purity by the federal government. The same holds true for the American Buffalo coin, which is made of 24 carat gold, compared with 22 carats for the Eagle.

2. Maple Leaf
The Canadian Gold Maple Leaf is a 24-carat gold bullion coin produced by the Royal Canadian Mint. Like its American counterparts, the Maple Leaf is government-backed and has a face value of $50 in its native currency, while its market value is far higher. It is considered one of the purest gold coins available. Its popularity with investors and collectors is one reason the U.S. Mint began producing the 24-carat American Buffalo coin in 2006.

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3. Other Countries' Coins
Beyond North America, several countries produce gold coins as investments or collectibles. Gold Resource cites the Turkish Republic gold coin, the Chinese Panda, the Austrian Philharmonic gold coin and the pioneering South African Krugerrand — the first government-issue gold coin intended for sale to investors worldwide.

4. Gold Bars
As with gold coins, there is a dizzying range and variety of gold bars, from the industry-standard ingots weighing as much as 30 pounds apiece on down to the smaller, slimmer bars commonly referred to as biscuits. Gold bullion bars often come stamped with a variety of hallmarks indicating purity, production date, the name of the producer, country or institution that backs the gold, and the name of the assay office that tests the metal for authenticity and purity.

5. Paper Gold
Stocks of companies that mine and refine gold are sometimes classified as an alternative or indirect gold investment. But so-called paper gold is nevertheless a pretty traditional and straightforward method of investing in gold without having to handle and store it.

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The most traditional type of gold investment is the direct purchase of this precious metal in its physical form, meaning gold of verifiable quality and purity refined into bars or minted as coins and available through a reputable dealer.
gold, traditional, investments
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2015-27-14
Sunday, 14 June 2015 11:27 PM
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