When people think of investing, they often consider the stock market as their best choice. This isn’t a bad choice. The stock market often helps people acquire more wealth.
However, how can you hedge your wealth against inflation and other threats? What methods can you use to protect your assets’ value?
A gold coin investment is often the best strategy for protecting your assets’ wealth. But, investing in gold brings several options. Which gold coins should you purchase?
Two of the most popular gold coins are the American Gold Eagle and the South African Gold Krugerrand. Each of these coins has several advantages for investors. So, we’ll explore them in greater detail in the guide below!
The American Gold Eagle
The American Gold Eagle remains one of the most popular methods for investing in gold. These US gold bullion coins derive from American gold mines and become minted in New York.
The American Gold Eagle’s popularity stems in part from being the official bullion of the federal government. This gold remains active in the financial market consistently.
Currently, one-ounce Gold Eagle coins fall between $1800-$2100. So, it’s always easy to sell this bullion for additional funds. You can also track this bullion’s value at any time.
Finally, the American Gold Eagle is often a collector’s item. Many gold investors enjoy building a collection of different minted bullions since it makes their investment more fun.
The South African Gold Krugerrand
The Krugerrand is another of the world’s most popular one-ounce coins. Its high quality makes it an avidly traded asset globally.
South Africa minted the first Krugerrand in 1967. It became one of the world’s first privately owned gold assets, making it an instant hit for global investors. As such, it’s also the inspiration for several other bullion coins, including the Gold American Eagle.
The Krugerrand generally offers lower prices than its American counterpart, giving it an advantage in the market. Currently, the price of a one-ounce Krugerrand is roughly $1,975.
This coin includes small amounts of silver and copper, in addition to a 22-carat alloy of 90% gold. The blend of silver and copper gives this bullion a unique glow of gold and orange.
It also makes the bullion more durable since silver and copper are denser metals than gold. You can use this resource to find a Krugerrand for a trustworthy price.
Which is the Better Gold Coin Investment?
You may wonder which of these coins is the better gold investment. The answer often depends on taste and which you can get for cheaper.
However, if these coins sell at the same price, the Gold Eagle is often the better choice. This bullion often holds its premiums more reliably than a Krugerrand.
Find the Best Gold Coins Today!
Both the Gold Krugerrand and American Gold Eagle are excellent gold coin investments. So, explore the market to see which one currently sells for less.
Generally, it’s better to buy gold assets for lower costs. These assets retain their value further into the future and can save money in the short term.
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