The price of Gold has increase steadily since the 2008 financial crisis. As banks started to collapse gold retained its value and rose in price when stocks dropped. Gold is an excellent hedge against recession in anyone’s portfolio. Canada gold coin is an excellent option to be added to your gold coin portfolio.
Canada gold coin, a.k.a. Canadian Gold Maple Leaf, is one of the purest gold bullion coins in world. The Royal Canadian Mint, who has been distributing the coin since 1979, mints it. The Royal Canadian Mint purchases gold directly from gold mines within Canada, such as Northgate Minerals Corporation.
The Canadian Gold Maple Leaf coin was designed more for investment purposes than coin collecting. Some coin collectors do not like the “Canadian Gold Maple Leaf Coin” because it is 24k gold, which makes the coin easily shows wear. Because of the pureness of the gold, the face value of Maple Leaf gold coin is much less than its intrinsic gold weight. For collectors uncirculated coins are preferred and the “Canadian Gold Maple Leaf Coin” needs to be preserved in Mylar or coin tubes to protect its finish.
The “Canadian Gold Maple Leaf Coin” is one of the most popular gold coins purchased in the world. A reason for the coin’s world popularity, other than its purity, is the detailed designs the Canadian Royal Mint has issued and the trademark of all Canadian gold coins, the distinctive maple leaf.
Unlike other gold coins, Canadian gold coin comes in various denominations, including 1 oz, ½ oz, ¼ oz, 1/10 oz and 1/20 troy ounce. This allows smaller investors to purchase according to their budgets, without over extending themselves.