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News Link • Precious Metals

Hands down, the cheapest place in the world to buy gold coins

• www.sovereignman.com

For anyone looking to hold gold as a store of value or even medium of exchange, major gold coin mintages like the Eagle, Maple Leaf, and Krugerrand are advantageous because they’re recognizable worldwide.

You can do business in a coin shop anywhere in the world from Vancouver to Vanuatu with one of these coins; bulk bullion, on the other hand, needs to be specially weighed and assayed by experts before being traded.

For this reason, the premiums for which gold coins sell tend to rise substantially in crisis periods when demand for physical metal is high. In the initial days of the 2008 financial crisis, premiums shot up from 4% to well over 10%, even though the price of gold was simultaneously falling sharply.

 

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