Canadian Gold Coins - Diversify Your Portfolio For A Prosperous Future
Precious metals have been effective for 100s of years as a durable type of currency. With present economic unrest in global markets Gold is one of the best ways to diversify your portfolio and protect 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 by the Royal Canadian Mint that boasts to making one of the world's hottest 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 insuring a very liquid and worldwide market.
The Canadian Gold Maple Leaf coin was initially struck in 1979 and it's only direct competition within the gold bullion coin market was the Krugerrand. The kruggerand struggled within the markets due to the boycott of the then South African political position, which therefore aided the Maple Leaf confirm itself as worldwide market leader, a grip the coin still holds today.
The Canadian Government guarantees the various denominations of the Maple Leaf contain the declared 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 legal tender in Canada. Back in 1988 the Maple Leaf was additionally 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 also been struck.
If you are fortunate enough to possess the funds 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 $2 million. Unofficial reports state the Canadian Mint has received five orders for the coins at around $3.5 million a piece.
In uncertain monetary times it is especially important to protect your portfolio and investing in gold is an ideal way to hedge against inflation. By purchasing Canadian gold coins not only do you invest in a market not usually subject to similar instability as more established investments you invest in a precious metal of utmost beauty and rarity.