The history of gold coins may have begun in what is now Egypt, although there have been claims from historians and scholars that gold coins were used even further back in time. For over 5000 years, gold has been one of the few constant sources of value for consumers, despite volatile market cycles such as the Great Depression in the 1930s and other historically dark financial periods. While paper money can sometimes come and go as fleetingly as a nation’s ruling party (overnight), the history of gold coins is rich and lined with examples of individuals who preserved and grew their financial independence during deflationary, inflationary, and stagflationary periods.
Although there are ancient gold coins, shipwreck gold coins, and even illegal gold coins (see 1933 Saint Gaudens gold coin), none of these are apt investments. If you are looking for a way to empower yourself financially come what may in our economy, don’t fall into the trap in which so many investors have found themselves. Rare and obscure coins may not even move in the same direction as the gold spot price, and it can be very difficult to track market prices for coins if the majority of coin dealers don’t even carry your coinage.
Successful US gold investors typically vest their funds in PCGS and NGC-certified coins for long-term wealth preservation, and short-term (1-14 month) investors tend to get superior results through gold bullion investments. If you are looking forward to protecting your assets with physical gold and you would like to only take steps in the right direction, dive into our award-winning tutorials below or give us a call directly to have your questions answered by our friendly and trained specialists.
Kevin Johnson
Senior Staff Writer - GoldCoin.net