If you’re looking to buy Canadian gold bullion or coins, there are a variety of easy avenues you can take to make your purchase.
Investors are increasingly turning to gold as a safe harbor for their wealth in the current uncertain economic environment. The value of gold has tripled in the last four years, outperforming many stocks and bonds. While the price has hit hiccups here and there, the conventional wisdom is that as long as the economy continues to struggle, the price of gold will continue to increase. This gives investors a great opportunity to buy in now before the next price spike.
Canada produces some very high quality gold products, including the popular Canadian Gold Maple Leaf coins. You can buy gold in Canada through the Royal Canadian Mint, through Canadian dealers or American dealers specializing in Canadian gold.
The Canadian Gold Maple Leaf is one of the most popular Canadian coins among gold investors. The coin is Canada’s official gold bullion and consists of 99.9 percent pure gold. The coin was first minted in 1979 by Walter Ott. Gold used in the Canadian Gold Maple Leaf comes exclusively from Canadian gold mines. The coin comes in a variety of sizes, including 1/20, 1/10, 1/4 and 1/2 troy ounces and one ounce coins.
In recent years, Canada has also debuted a million dollar gold coin. In 2007 Canada unveiled a 100 kg gold coin with a $1 million face value. The actual value of the coin now stands at about $2 million. The Royal Canadian Mint may soon mint a limited number of similar coins because of buyer interest.
The Royal Canadian Mint is a good source to purchase coins. In addition to coins, the mint also produces jewelry, bars and other gold products. The mint has an online store, making it very easy to buy Canadian gold there.
If you’d like to buy gold bullion in Canada, goldmoney.com is a good source. By using this site, you can buy gold without having to take delivery of the commodity. The bullion is stored in vaults in London and Zurich and insured. Last year GoldMoney stored more than $300 million in gold for investors.
Another great place to buy gold Canadian coins and other gold products is Monex. Monex has a large supply of Canadian and other coins and they’re fairly easy to do business with. Monex has been around for about 40 years and has a great reputation. They may not be for smaller investors, however.
When buying gold from any dealer, it’s worthwhile to check out the dealer you’re buying from. While most gold dealers are legitimate, honest business people, some are not. Online forums are a good place to check out reputations, and gold investors would be well-advised to ask questions and check credentials of potential dealers.
