Gold Price November 2009

Investing in gold coins from Canada in today's economy

Since November 2009, the global economic downturn is in the first quarter its second year. This is a good time to invest in gold. And gold coins from Canada, all of which are known as the Canadian Gold Maple Leaf, are an excellent option for direct ownership of gold, regardless of the size of the budget investor.

One reason is that regular issue target = "_new"> Canadian gold coins are available in five sizes, including one ounce, half ounce, quarter ounce, tenth of an ounce and one-twentieth of an ounce. And the gold content of gold coins from Canada, which are produced by the Royal Canadian Mint, guarantees of international liquidity.

The global economic crisis, fueled by a credit crisis started in the third quarter of 2008. Although the global economy has risen out of the nadir, has not recovered his health. Thus, investors are buying gold as a hedge against economic downturn. And the spot price has increased significantly in the last 12 months. The spot price of gold in the closing ceremony on October 29, 2008, was around $ 750.00 an ounce. A year later, the spot price to close the October 29, 2009, was $ 1029.90, representing an increase of more than 37 percent.

At its introduction in 1979, the Canadian Gold Maple Leaf was the second global currency of gold bullion, then South African Krugerrand. All Canadian gold coins are legal tender in Canada. But the nominal value of each coin is much less than the current value of gold content. The one ounce coin has a face value of $ 50. The other coins have a face value of $ 20, $ 10, $ 5 to $ 1 respectively.

All Canadian gold coins have a bust of Queen Elizabeth II of England in the observation (front) and a single maple leaf, Canada's national symbol, on the back. The only difference is the nominal value on the obverse of the coin and the weight on the back. Regular-Canadian edition gold coins were minted from 1979 to 1981 was a gold content of .999. In 1982, the gold content was raised to the current 9999.

The Canadian Gold Maple Leaf was the world's first gold bullion coin in 9999 purity. Canadian gold coins now share a global leader purity 9999 Nugget from Australia, China Panda Gold, Gold Austrian Philharmonic and Buffalo United States gold.

For more information on gold coins from Canada, I recommend you check out target = "_new"> Gold Maple Leaf coins. This is a specialized currency Canadian maple leaf gold to the market place, offering a large selection of Gold Maple Leaf coins for sale. This website makes finding your dream gold maple leaf a million times easier. Be sure to try this website before purchasing.

About the Author

Wilson Snyder is a freelance writer. Learn more about Canadian gold coins at Maple Leaf gold coin .

Max Keiser on BBC 5 Live Nov 3rd 2009 margin rate