Portfolio diversity is one of the most important things you can master as an investor. The concept is why hedge funds are as successful as they are.
So, the fact that you are trying to invest in gold coins means you are diversifying your portfolio, but which is the best one-ounce gold coin to buy?
Because of its purity, the Canadian Maple Leaf gold coin is the best one-ounce gold coin on the market. It is not the rarest coin, but it is one of the most sought-after. In terms of growth potential, you want to look for which coin is the rarest. This is constantly fluctuating.
In this article, I want to start by talking about why buying gold coins is a good investment. From there, we will look at why the Canadian Maple Leaf Gold Coin is the best.
Then, I want to talk a bit about different one-ounce gold coins you can buy. So, for everything you need to know about buying gold coins, keep reading this article.
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Should You Buy 1 oz Gold Coins?
A simple rule of investing is not to spend money that you need. Instead, you should invest money that would not have too much of a negative impact on your financial well-being if you lose it.
That said, investing in gold coins is a smart move. The value of gold has increased significantly over the past ten years, and it is expected to grow even more over the next ten years.
Gold coins are highly sought after. Their value is not directly linked to the value of gold. However, it is a factor.
Reasons Why The Maple Leaf Gold Coin is the Best
We are not the first to tell you that the Canadian Maple Leaf Gold coin is amongst the best gold coins to buy. However, you would be hard-pressed to find information on why it is the best, and I feel like that is essential.
So, here are two reasons that make the Canadian Maple Leaf coin one of the best investments you can make.
Canadian maple leaf gold coins are pure
It is near impossible to have a gold bullion coin that is 100%. That said, The Canadian gold Maple Leaf coin comes close, achieving 99.99% purity.
To understand why this is so significant, we need to look at it with a real-world scenario in mind.
When you compare multiple 1-ounce gold coins with each other, and you are trying to determine their value based on the gold market, the purest coin will have the most gold in it and, therefore, be most valuable.
Canada is a stable country
The stability of the country plays a massive role in the value of a coin. The problem is that there are many variables regarding stability and how it would affect the coin.
The country could be unstable, therefore making a coin more valuable because you don’t know how many they are going to make
At the same time, Canada is a highly stable country both politically and economically, and the government does a great job of producing Maple Leaf gold coins every year.
This stability doesn’t make the Maple Leaf coin a high-yield investment; it makes it a stable one. That stability is excellent for any long term investor.
The Best Way to Buy Gold Coins
A few years ago, buying one-ounce gold coins online seemed like a bad idea; however, the concept has recently taken off in popularity so much that many experts recommend that you buy your gold coins online instead of locally.
Here are a few reasons why:
- Buying One oz gold coins online allows you to find the best price.
- Local dealers sell coins above market value to make up for their overheads.
- Online purchases tend to be safer.
- You are in control instead of allowing trained salespeople to pressure you.
- You can often find almost all varieties of One oz coins.
- All the details and necessary research can be done quickly.
Please note that you need to make sure that you buy your coins from a certified online gold dealer because, yes, there could be shady dealers online, but that is a problem that you will also face when buying a coin from a retailer or dealer.
Another vital thing to remember is that most online platforms will give you two options: They can keep the gold coin for you, and you could trade with it, or you can request that they send it to you.
Depending on where you live, there might be a small fee, but it still works out cheaper than buying from most dealers.
Top 3 Gold Coins to Buy
If you’re looking to buy more than one gold coin and you want to diversify your purchases, well, you’ve come to the right place. The truth is that the best coin to buy today might not be the best coin to buy in a year.
However, the three coins we will list in this section have remained dominant over the years and should remain dominant over the next few years.
So, here are our top three favorite gold coins:
Canadian Maple Leaf 1 oz Gold Coin
We have discussed this coin in-depth in this article. However, we had to include the Canadian Maple Leaf gold coin on a list of the top three gold coins.
The Canadian government started issuing the coins in 1979. Only gold mined in Canada is used.
Krugerrand Gold Coin
South Africa was one of the top countries when it came to the production of gold. Still, today, when you look at gold production over the last ten years, RSA ranks in the top 11.
Some of that gold is made into Krugerrands. These one-ounce gold coins are relatively pure; however, they are controversial due to the history of South Africa.
There are two ways to look at the stability of this coin. If South Africa continues to grow, then there will be no problem with the coin’s stability; however, if the country stops producing coins due to political or economic instability, then the coin should become rarer and thus grow in value.
American Eagle Gold Coin
In typical American fashion, this coin is designed to last a long time. It is the primary reason we put it on this list. If you buy gold coins and want to hold them for 10, 20 or 30 years, then this is an excellent coin to go for.
The American eagle gold coin is 22 carats, and because it comes with such a rich history, it is one of the most sought-after coins globally.
Which 1 oz Gold Coin Should I Buy?
As I mentioned, diversifying your investment portfolio by purchasing gold coins, whether you hold them or you trade with them online, is a smart move.
Hopefully, this article has convinced you to buy one of the top three gold coins.