Invest in gold coins now?
65% of all bankers recommend these days gold and gold coins as a crisis-proof investment. One can choose between gold bars, Xetra-gold or coins. Buillion coins are made of gold, silver, palladium or platinum. Gold coins consits exactly of one troy ounce gold, which is 31,1 gram of the precious metal. A slight advantage compared to gold bars that mostly have a weight of 400 ounces. This enables a smaller denomination. Bullion coins are also produced in fractions of an ounce – typically half ounce, quarter ounce, and one-tenth ounce. Besides the face value there's often the purity and weight engraved in the coin. The face value is not very meaningful, the value of a coin is mainly directed by their troy weight. Investors should go for coins, whose motive stayed the same as for the first coining. These are the following gold coins: Maple Leaf, Krugerrand, Vienna Philharmonic and American Eagle. With the follwing silver coins: Silver Maple Leaf, Silver American Eagle and Silver Vienna Philharmonic, the coin which is on the second place of worldwide most frequently sold silver coins. One shouldn't buy collectors' coins, as they are always traded for collector's prices, which is much more expensive than the usual countervalue in gold.
The Olympic Maple LeafFor the first time a bullion coin with the five olympic rings was minted: The Olympic Maple Leaf. The rings were invented in 1913 and stand for the five continents. The coin shows the official Vancouver 2010-logo. As from now on the coin is available with a face value of 5 Silver Dollars as well as in 50 gold dollars. Both Versions are available with a purity of 999,9 per ounce. The Silver Maple Leaf is celebrating birthday as well: The Royal Canadian Mint has issued a special version with a golden maple leaf on it, purity 999,9%. The coins are minted in extremely limited quantities.
The most important gold coins (Bullion coins)
- Krugerrand, South Afrika (since 1967)
- Gold Maple Leaf, Canada (since 1979)
- American Gold Eagle, USA (since 1986)
- Goldnugget resp. Kangaroo Nugget, Australia (since 1987)
- Vienna Philharmonic, Austria (since 1989)
- American Buffalo, USA (since 2006)
- Lunar Calendar, Australia (1996 till 2007)
- Panda, China (since 1982)
- Britannia, Great Britain (since 1987)
- Sovereign, Great Britain
- Tscherwonez, Russia
- 20 Goldmark Wilhelm II., Germany
The most important silver coins (Bullion coins)
- Silver Eagle, USA (since 1986)
- Silver Maple Leaf, Canada (since 1988)
- Koala, Australia (since 2007)
- Britannia, Great Britain (since 1997)
- Kookaburra, Australia (since 1990)
- Kängaroo, Australia (since 1993)
- Lunar Calender, Australia (1999 till 2010)
- Libertad (Onza de Plata Pura), Mexico
- Panda, China (since 1983)
- Silber Philharmoniker, Austria (since 2008)
- Timber Wolf, Canada (since 2006)
The most important platinum coins (Bullion coins)
- Platinum Maple Leaf, Canada (since 1988-1999)
- Platinum Eagle, USA (seit 1987) (Statue of Liberty)
- Koala, Australia (since 1988)
- Noble, Isle of Man (1983-1996)
- Panda, China (1987-1997)
The most important palladium coins (Bullion coins)
- Emu, Australia, (1995-1998)
- Palladium Maple Leaf, Canada (2005-2007)
- Panda, China (1989, 2004 und 2005)
- Ballerina, Russia (1989-1995)
Concerning the VAT on gold coins the HMRC has issued this notice 701/21A in April 2008. If you are interested in investing in gold coins and not sure about taxes and VAT, this document should be downloaded and worked through.
In this Video BullionVault gives additional information and tips concerning gold as an investment. With BullionVault one can buy gold online and have it stored in their vaults. So you don't have to worry about transportation, storage and insurance. Every new registered person gets 1 gram gold for free in order to learn trading with gold on the platform. BullionVault is partner of 585-gold.com.
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