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Canadian Gold Coins - Guard Your Wealth Today
Precious metals have worked for 100s of years as being a solid form of currency. With current economic turmoil in global markets Gold is one of the best ways to diversify your portfolio and safeguard your prosperity. Second only to American Golden Eagle Coins are Canadian gold coins and specifically the Canadian Gold Maple Leaf.
Canadian gold coins are minted through the Royal Canadian Mint which boasts to developing 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 precious metal content and legitimacy ensuring an extremely liquid and worldwide 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 within the markets as a result of the boycott of the then South African political position, which therefore helped the Maple Leaf confirm itself as global market leader, a position the coin still holds today.
The Canadian Government guarantees that the various denominations of the Maple Leaf contain the stated amount in troy ounces of .9999 fine gold. The coins have face values of $1, $5, $10, twenty dollars and fifty dollars and are legitimate tender in Canada. Back in 1988 the Maple Leaf was also struck in platinum and has the same face values and weights as their gold counterparts. Since then a .9999 silver $5 maple leaf along with a .9995 1oz $50 palladium coins have additionally been struck.
If you are lucky enough to have the funds the Royal Canadian Mint does offer by special order a Gold Maple Leaf which has a face value of one million dollars, but the gold content is close in worth to $2 million. Unofficial reports state that the Canadian Mint has received 5 orders for the coins at around $3.5 million a piece.
In uncertain monetary times it is extremely important to guard your portfolio and buying gold bullion is a great way to hedge against inflation. By investing in Canadian gold coins not just 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 scarcity.
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