Posted by: nbaground on: January 25, 2010
Precious metals have worked for 100s of years as a durable type of money. With the current monetary turmoil in global markets Gold is a great way to diversify your portfolio and safeguard 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 through 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 sought after coin is nearly 24 karats or 99.99% pure gold. The Canadian Government guarantee the coin for its gold content and authenticity making sure a very liquid and international marketplace.
The Canadian Gold Maple Leaf coin was initially struck in 1979 and it's only direct competition in the gold bullion coin marketplace was the Krugerrand. The kruggerand struggled in the markets because of the imposed sanctions of the then South African political status, and so helped the Maple Leaf confirm itself as global market leader, a position the coin still holds 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 one dollar, five dollars, $10, twenty dollars and fifty dollars and are legitimate tender 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 1988 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 money the Royal Canadian Mint does offer 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. Unconfirmed reports state the Canadian Mint has received 5 orders for the coins at around $3.5 million a piece.
In uncertain financial times it is extremely important to protect your portfolio and investing in gold is an effective way to hedge against inflation. By purchasing 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 extreme splendor and rarity.
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