GOLD 00.00 1.20 0.00%
SILVER 00.00 1.20 0.00%

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About Gold

Gold is a precious metal that has played an important role in the international monetary system for ages.  

It is believed that back in 550 BC King Croesus of Lydia (an area that is now part of Turkey)had the first gold coins struck. But even before his time gold was used in jewellery by the Egyptians dating back to 5000 BCE. Gold jewellery was worn by both men and women in the Sumer civilization around 3000 BCE and gold chains were first produced in the city of Ur in 2500 BCE. 

In the recent past, gold was often implemented as part of a monetary policy within and between nations, but gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after 1976. The historical value of gold was rooted in its relative rarity (only about 183,600 tonnes is in existence above ground), easy handling and minting, easy smelting and fabrication, resistance to corrosion and other chemical reactions (nobility), and distinctive color.

Of the new gold minted, 40% of it is used in the production of coins, bars and other tangible precious metal investments.  

 

Gold Expert, Mike Fuljenz said this about Gold American Eagles:

“Gold bullion coins are among the world’s most versatile and liquid, legal tender. Minted only from gold in American mines, every Gold American Eagle minted since 1986 is guaranteed by the U.S. Government for its weight, content and purity. American Eagle Gold Bullion Coins are Congressionally authorized and offer gold investors and collectors a convenient and cost-effective way to add physical gold coins to their investment portfolios.” 

 

Equally important are Certified gold coins, specifically the

purchases of Certified Mint State Gold American Eagles:

 

Certified Coins by PCGS or NGC provide these benefits:

  1. Gold coins certified make insurance protection and cataloging easy 
  2. Provide security via unique bar code and coin identification numbers on each gold coin
  3. Certified by NGC or PCGS; the two industry leading gold coin authentication and certification services
  4. Preserve the certified gold coin condition grades by a sonically sealed, tamper evident holder
  5. Combine historic significance and rarity, especially “key date” $25 Gold American Eagles
  6. Certified gold coins are at times more liquid and worth more than individual uncertified gold coins
  7. Guaranteed by U.S. Government for gold weight, content and purity
  8. Offer “double play” potential to investors & collectors of gold.
  9. Our gold offerings are competitively priced for all denominations consistent with major competitor pricing and eligible for quantity pricing discounts

 

 

 

Purchases of Non-Certified Gold American Eagles also have numerous benefits: 

  1. All Gold American Eagles are congressionally approved and legally eligible for inclusion in Precious Metals IRA plans
  2. Gold American Eagles can provide future retirement & tax benefits under IRA plans
  3. Guaranteed by U.S. Government for gold weight, content and purity
  4. Competitively priced for all denominations consistent with major competitor pricing for gold coins.
  5. Non-Certified Gold American Eagles are eligible for quantity pricing discounts