Daily Gold Coin Update
July 15, 2009 – 24-karat gold coins are some of the most valuable precious metal coinages available because their pure quality puts them on top of their league, especially when compared to the less pure 22-karat coins. Some of the most popular 24-karat gold coins are the Austrian Philharmonics, Canadian Maple Leafs and Chinese Pandas. The majority of investors purchase these coins for short-term profit taking because bullion products hold low premiums above the spot price of gold, making it easier to purchase and sell on an open market. In the past few years, the skyrocketing demand for safe haven precious metals has caused masses of investors to flock to these coins as their ultimate wealth preservation asset during times of economic instability.
When comparing 22-karat and 24-karat gold coins, there are a few important factors that you should take into consideration. First of all, 22-karat coins consist of an alloyed metal that makes them less susceptible to damage and wear, unlike pure 24-karat coins. Second, 22-karat coins hold a lower premium and are usually more widely available than 24-karat coins. Last but not least, bullion 22-karat and 24-karat coins are usually recommended for short-term profit seeking investors while investment-grade certified rare 22-karat coins are usually recommended for long-term preservation seeking investors. If you seek further information on either one of these prestigious investments, or if you would just like to learn more about the market, feel free to browse this website for updated content, product information and investor strategies that could help you maximize your potential with gold.
Senior Staff Writer - Gold-Coin.com