Owning gold eagle coins can strengthen your portfolio as few other investments can. While the value of currencies such as the dollar and the euro continues to fall as the global economic slump drags on, and stock markets around the world struggle to avoid collapse, the price of gold remains steady and reliable. If you don’t have gold as a part of your portfolio, there has never been a better time to begin diversifying.
Gold bullion has long been a popular commodity for investors looking to shore up their portfolios. Bullion is available several forms, including gold bricks. However, investment in gold eagle coins is becoming the preferred manner of buying gold.
Gold eagle coins are bought and traded as currency and as precious metals, making them an especially attractive investment. The official gold coin of the United States Mint is the American Gold Eagle. These coins are highly sought by investors because their weight and content are authorized and fully backed by the United States Congress. Buying American Gold Eagle coins is therefore an even more reliable, solid investment than buying government bonds.
American Gold Eagle coins were first authorized by the Gold Bullion Act of 1985, with the first coins released by the U.S. Mint the following year. The coins are minted in values of $5, $10, $25 and $50, and tend to grow in value very quickly upon their release. Therefore their legal values are often quite a bit lower than the intrinsic value, another sure sign that gold eagle coins are one of the best possible investments.