Canadian Gold Coins - Diversify Your Portfolio For A Prosperous Future
Precious metals have been effective for centuries as a sturdy form of currency. With present economic unrest in global markets Gold is one of the best ways to diversify your portfolio and safeguard 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 through the Royal Canadian Mint which boasts to making one of the world's hottest gold bullion coins in the Canadian Maple Leaf. This much sought after coin is almost 24 karats or 99.99% pure gold. The Canadian Government guarantee the coin for its gold content and authenticity making sure an extremely liquid and international market.
The Canadian Gold Maple Leaf coin was initially struck in 1979 and it's only direct competitor 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 position, and thus aided the Maple Leaf confirm itself as worldwide market leader, a grip the coin still holds to this day.
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 $50 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 1988 a .9999 silver $5 maple leaf along with a .9995 1oz $50 palladium coins have also been struck.
If you are lucky enough to possess the cash the Royal Canadian Mint does offer by special order a Gold Maple Leaf having a face value of $1 million, but the gold content is close in worth to $2 million. Unconfirmed reports state the Canadian Mint has received 5 orders for the coins at around $3.5 million each.
In uncertain economic times it is especially important to protect your portfolio and investing in gold is an ideal way to hedge against inflation. By investing in Canadian gold coins not just do you invest in a market not usually subject to similar instability as more established investments you invest in a precious metal of extreme splendor and rarity.