22-c coins can help to maintain 'a modest investment in gold'
Monday, 8th March 2010 (1255 views)
Purchasing 22-c gold coins can help people to maintain a modest investment in gold, it has been suggested.
John Waggoner, a personal finance columnist for USA Today, suggests that for the majority of people, making a small investment in the precious metal is a good idea in terms of providing a security against rising inflation or the falling value of global currencies.
In terms of owning physical gold, he advises that 22-c gold US Eagle coins are a good option for investors, as well as 24-c Canadian Maple Leaf numismatic pieces.
Mr Waggoner cites Rachel Benepe, co-manager of First Eagle Gold Fund, who says that investing in gold is the "ultimate downside protection for events we can't forecast".
The Times Live recently advised that investors might be wise to purchase one of the limited-edition 2010 Fifa World Cup gold coin collections that have recently been released by the South African Gold Coin Exchange, as they are seen by the publication as a "stable investment".
