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Which of These Gold Coins Should You Buy?

August 16, 2023

Are you interested in investing in a physical asset that retains its value over time? Gold coins are a popular form of gold investment, and the Romans have been issuing and trading gold coins since 50 BCE. But what makes them such a popular investment choice?

Well, aside from the historical price and purity of gold, they’re easier to store and move around than other larger assets like properties.

So you may ask yourself, what is the best gold coin to buy? Each offers unique benefits and features that may appeal to different investors. Here’s what to know.

Key Considerations When Buying Gold Coins

Before you invest in gold coins, it’s important to consider your financial objectives.

What are you hoping to get out of investing in gold? Are you looking to diversify your portfolio and earn serious cash, or do you have another goal? Answering these questions will help you determine the type and quantity of coins you need.

Next, think about your investment timeframe. Holding coins longer may give you more flexibility to benefit from price appreciation. This means that if you’re interested in making quick cash, investing in gold might not be the best option for you.

Additionally, diversifying your portfolio with other assets of different risk and return characteristics can help reduce overall volatility. 

Ultimately, it’s helpful to stay updated on market conditions and gold price trends so you can learn to accurately predict the best time to buy gold. Hint: geopolitical events, economic indicators, and central bank policies can all drastically influence the price of gold.

Best Gold Coin to Buy

Ready to invest in gold coins? First, let’s mention that when it comes to gold coins vs. bars, you’re often better off investing in gold coins. They hold commemorative value and are often priced slightly higher than bars. Gold bars are usually priced close to the spot price of gold.

Now, with that in mind, let’s explore the best gold coin to buy!

South African Krugerrand

As the world’s first bullion coin, Krugerrand gold coins hold great significance in the market. Produced by the South African Mint, these coins are known for their affordability and durability, containing .9167 fine gold and 8.33% copper.

Canadian Gold Maple Leaf

The Canadian Gold Maple Leaf is a highly esteemed coin that symbolizes the purity and excellence of gold bullion. Its .9999 quality guarantee makes it one of the world’s purest gold bullion coins. It holds a prestigious status within the international golden collecting circles and is sought after by investors worldwide.

American Gold Eagle

If you’re looking for a coin that embodies the legacy of the United States, the American Gold Eagle is a great choice. Its 22-karat gold composition makes it a popular investment option in the US. However, if you plan to trade internationally, it might not be as easily accessible outside of America. 

Invest in The Best Gold Coins at CMI

Investing in gold coins is a smart strategy for diversifying your portfolio and protecting against market volatility. However, there’s more to this than just choosing the best gold coin to buy. You also need to learn about managing your investment strategy.

At CMI GOLD & SILVER, our team of experienced professionals is available to offer guidance and support in selecting the best gold coin to buy. Click here to view our helpful investing guides now.

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