How long will the U.S. Mint keep the American-Buffalo 24 karat Gold Coin sales halted?
Question by Honey_B: How long will the U.S. Mint keep the American-Buffalo 24 karat Gold Coin sales halted?
The demand for gold is rising fast because the U.S. economy is tanking. If coin dealers are out of all American Gold coins including American Gold Eagles too, would you buy a Canadian Maple Leaf or a South African Krugerrand? http://www.huffingtonpost.com/2008/09/28/us-mint-suspends-sale-of_n_129960.html
http://latimesblogs.latimes.com/money_co/2008/08/gold-market-bul.html
Best answer:
Answer by b_plenge
It's not just happening in Gold. Silver bars smaller then 100oz are difficult to find and have a premium be charged on them because of their small size.
With the US bail out and the European bail out people are switching what they can into precious metals as a hedge against inflation.
Add your own answer in the comments!
Which 1oz. gold coin has world-wide cash value?
Question by Michael: Which 1oz. gold coin has world-wide cash value?
More specifically, if the American dollar is not recognize as the "World Currency" anymore.
Which 1oz. gold coin would be accepted as cash value world-wide? Foreign gold such as the
Krugerrands or something else? I'm not expecting the American dollar to decline anytime
soon BUT with the Govt. fiscal policies along with the predictions of some states and cities going
bankrupt in the coming year or years I would like to know which gold coin is recognize world-wide
for it easy cash value exchange.
Best answer:
Answer by rowlfe
Krugerrands and other government issued pure gold coins are interchangeable pretty much anywhere through coin dealers. Banks generally do NOT honor gold coins as currency. What makes coins a good thing to hold is they are certified purity and quantity. Coins are extremely difficult to fake because they are "struck" by squeezing the coin blank into a mold to form the surface effects. This gives the metal a very unique property, "ringing". Coins "ring" when you bounce them off a hard surface like a table top. There are some coins which do not ring because of the base metal used in making the coin, the American penny, for example, since 1982, is copper plated zinc. Zinc is too soft a metal to ring like a quarter will. Only hard alloys will ring when struck into coins. Pennies before 1982 were a copper-nickel alloy which DID ring. Anyway, beware of "collector" gold coins. In the fine print it is revealed they are only PLATED with pure gold, not MADE of pure gold! Just remember, most real gold coins are NOT honored as currency, but collectors items traded by dealers in coins.
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