Canadian Gold Coins - A Great Hedge Against Inflation
Precious metals have been effective for hundreds of years as being a robust form of currency. With the current economic unrest in global markets Gold is a superb way to diversify your portfolio and guard your prosperity. Running a close second to American Golden Eagle Coins are Canadian gold coins and specifically the Canadian Gold Maple Leaf.
Canadian gold coins are minted via the Royal Canadian Mint that boasts to developing one of the world's hottest gold bullion coins in the Canadian Maple Leaf. This much wanted coin is nearly 24 karats or 99.99% pure gold. The Canadian Government guarantee the coin for its precious metal content and authenticity making sure an extremely liquid and international marketplace.
The Canadian Gold Maple Leaf coin was first struck in 1979 and it's only direct competition within the gold bullion coin marketplace was the Krugerrand. The kruggerand struggled within the markets due to the boycott of the then South African political position, and so helped the Maple Leaf establish itself as global market leader, a grip the coin still holds today.
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 $1, five dollars, $10, $20 and fifty dollars and are legal tender in Canada. Back in 1988 the Maple Leaf was also struck in platinum which has the same face values and weights as their gold counterparts. Since then a .9999 silver $5 maple leaf and a .9995 1oz $50 palladium coins have additionally been struck.
If you are fortunate enough to have the cash the Royal Canadian Mint does offer by special order a Gold Maple Leaf that has 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 5 orders for the coins at around $3.5 million each.
In uncertain economic times it is extremely important to safeguard your portfolio and investing in gold is a good way to hedge against inflation. By investing in Canadian gold coins not only do you invest in a market not usually subject to identical volatility as more established investments you invest in a precious metal of utmost splendor and scarcity.
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