Gold Coins
As of the time of this writing, the gold coins suspension at the US Mint is still on. This may come as sour news for many investors, but remember why the suspension is on in the first place: Unprecedented demand.
In light of this fact, it may be the right time to start looking into the South African and Canadian investment grade gold coins… or you could simply by your gold coins from sources besides the mint, just so long as those coins are certified, that is.
Whether they’re made in South Africa, the US, Canada, England or Timbuktu, all gold coins are gold coins. They are worth their weight in gold, give or take some filler metals to strengthen the coins, and it really doesn’t matter where you buy them from or what they strike on the obverse and reverse sides, gold is gold.
The truth is… it really doesn’t matter what you do. As long as you’re holding some gold coins, you’ll be safe throughout this recession.
The beauty of investing in gold coins really is that it’s fairly simple. You don’t need to check the spot price several times a day. Many gold investors may check it with their morning coffee, while others may only check it once a week. Some may only check it every now and then, when they’re just curious or need to sell a few gold coins and are wondering what to expect for them.
Gold coins are a relatively laid-back investment option when compared with most other markets. You will see ups and downs, but it’s incredibly rare to see a sudden crash in gold.
That said, many are wondering what will happen to gold coins if and when this recession does end.
It’s easy to guess that we will, probably, see a number of these new gold investors jumping ship once the dollar starts to look a bit stronger. However, it is also quite likely that many of these new gold coins investors will have learned something over the course of this recession: Gold will protect you in rain or shine.
Hopefully, we’ll see investors becoming smarter over the coming years, holding onto their golden “insurance policies”, and staying safe through this recession and the next one.
Regardless, our advice on this matter is simple: Sell whatever you need to sell, but hold onto some gold coins no matter what happens. In fact, buying gold coins at a time when the dollar is going strong is perhaps the best time to do so. The value of the metal tends to be higher during the storm of a recession, but even during the calm periods, the metal still holds value, and will continue to hold value no matter what happens.
Of course, the bottom line is that we’re not quite out of the woods yet. Some economists are predicting a comeback in the next year or so, but honestly, you can’t pin all your hopes onto that, as it’s really nothing but, well, a prediction. Stay safe.
Joseph Morton
Jul 12, 2009
