By Mark Aucamp
Today gold coins are primarily collected by investors to hedge against inflation. In 1967 South Africa introduced the Kruger rand to cater for small investors; hence the reason that they manufactured Krugerrands in 1oz, 1/2oz, 1/4oz, 1/10 and 1/20 oz
The main gold coins in circulation today in order of their popularity are the Krugerrand, American Gold Eagle, Canadian Gold Maple Leaf, British Britannia or Sovereign, Chinese Panda, Gold Dinar, Russian Chervonets and the Swiss Vreneli.
Twelve Reasons to invest in Gold today!
1. During the last run on gold in the 70's and 80's the price of gold increased by 20 times.
2. There is a fall in gold production worldwide that is adding to its scarcity.
3. India and China have a veracious appetite for gold and as their economy powers forward they will drive up the gold price through demand and the limited supply globally.
4. There have been no new discoveries of gold deposits recently and it can take up to ten years to bring a new mine to full production.
5. When ever the world is on the verge of a recession people turn to gold as it is provides security.
6. It does not deteriorate and will last forever.
7. It is sought after for jewellery and electronic manufacture.
8. Governments can print paper money quickly, but they cannot just produce gold.
9. No other investment has the wealth preserving power of gold.
10. The Gold price will continue to be pushed by the current American debt and trade crisis.
11. Gold is an inflation-proof investment.
12. Gold is the only truly international currency.
Contributing author Mark Aucamp has been providing Money Saving Expert with regular money saving expert posts and comments. Mark is recognised as an authority in the field of Debt Management. Mark has extensive experience in providing Advice & Solutions. To see if your Mortgage or Loan is invalid and unenforceable go LoanCheck for a free appraisal. Article Source: http://EzineArticles.com/?expert=Mark_Aucamp |
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