Canadian Gold Coins - Safeguard Your Riches Today
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Precious metals have been effective for centuries as a sturdy type of currency. With the present monetary turmoil in global markets Gold is a superb way to diversify your portfolio and defend your wealth. Running a close second to American Golden Eagle Coins are Canadian gold coins and in particular the Canadian Gold Maple Leaf.
Canadian gold coins are minted via the Royal Canadian Mint that boasts to making one of the world's most popular gold bullion coins in the Canadian Maple Leaf. This much wanted coin is almost 24 karats or 99.99% pure gold. The Canadian Government guarantee the coin for its gold content and authenticity making sure an extremely liquid and international marketplace.
The Canadian Gold Maple Leaf coin was initially struck in 1979 and it's only direct competition within the gold bullion coin market was the Krugerrand. The kruggerand struggled in the markets due to the imposed sanctions of the then South African political position, and so helped the Maple Leaf confirm itself as global market leader, a grip the coin still maintains to this day.
The Canadian Government guarantees the various denominations of the Maple Leaf contain the confirmed amount in troy ounces of .9999 fine gold. The coins have face values of $1, five dollars, $10, twenty dollars and fifty dollars and are legal money in Canada. Back in 1988 the Maple Leaf was additionally struck in platinum which has identical face values and weights as their gold counterparts. Since then a .9999 silver $5 maple leaf and a .9995 1oz $50 palladium coins have additionally been struck.
If you are lucky enough to have the cash the Royal Canadian Mint also offers by special order a Gold Maple Leaf with a face value of $1 million, but the gold content is close in worth to two million dollars. Unofficial reports state the Canadian Mint has received 5 orders for the coins at around $3.5 million a piece.
In uncertain economic times it is especially important to protect your portfolio and investing in gold is an effective way to hedge against inflation. By investing in Canadian gold coins not only do you invest in a market not usually subject to the same volatility as more established investments you invest in a precious metal of utmost beauty and rarity.
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