In order for precious metals investors to assure that they’re getting a fair current gold market price, it is beneficial to be abreast of the current gold spot price, which is the cost of one troy-ounce of pure gold. Modern bullion coins like $24-karat Australian Kangaroos and 22-karat American Eagles contain exactly one troy-ounce of pure gold, and their absence of numismatic value maintains their current gold market price just slightly above the current gold spot price at any given time. The gold spot price fluctuates several times an hour throughout each trading day, so gold bullion investments are typically used to capitalize on short-term spot price gains throughout periods of fourteen months or less.
Conversely, rare coins like Double Eagles carry a substantially higher current gold market price, because these coins do contain numismatic value, which generally appreciates exponentially along with the gold spot price for long-term periods of fourteen months, or longer. Double Eagle coins are $20 Lady Liberty, and $20 Saint Gaudens, 22-karat rare gold coins, and these coins are proven long-term safe haven assets during long-term economic bouts with inflation, unemployment, and dollar devaluation. Numismatic certification of rare coins is the norm for today’s serious household investors, and only the PCGS (Professional Coin Grading Service), or the NGC (Numismatic Guaranty Corporation) are recommended to issue official “mint state grades”. The highest possible grade is a 70, but investment-quality rare coins usually carry mint state grades that range between 61, and 66. Investors can receive institutional discounts on their American Eagle bullion and Double Eagle rare coin by contacting one of our friendly specialists, who offer these discounts to household investors like you.
Vic Fox
