401k Gold Coin Investment Could Generate A Sturdy Retirement Fund
The economic crash of 2007 left many investors in agony as they watched their nest egg shrink by the day. The direct opposite happened to the precious metal's price and those that have in the past ignored it have now become firm believers in its capacity. Coins have become an easy and trusted form of investment and have eased the worries of many.
The 401k plan can be invested in the property market or assigned to a life policy. The real estate industry has seen better days and with no substantial improvement predicted for the near future, the yellow metal has come up as a favorable investment option. There are a number of tried and trusted companies that will open accounts for 401k holders and help them to successfully manage their assets.
They invest on behalf of the shareholder and also take care of the investment. If the need arises and the share has to be sold, it can be done instantly. Investors with an ETF or exchange traded fund account do not always have an immediate exchange for their investment.
Famous American gold bullion coins that are well worth considering is the $2.50 Liberty Quarter Eagle, the $20 Saint Gaudens Double Eagle and the Gold American Eagle. All 3 specimens are beautifully engraved and can currently be purchased for around $10 000 each. The Gold American Eagle has been favorite amongst investors around the globe as the one ounce coin contains 1 ounce of pure American mined gold. It remains one of the safest investments to make and is guaranteed to grow as inflation increases.
The very first bullion coin to hit the investor's market is the very well known South African Krugerrand. As it was first minted during the Apartheid years by the ruling government of the time, it has a slightly cheaper price than other bullion of this particular weight. The face of Paul Kruger is on the one side and a Springbok on the reverse.
Another piece that pride itself with its level of purity is the Canadian Maple Leaf. Considered a secure investment, traders around the globe will exchange or buy it with confidence. Not only is it's value unquestionable, it is also a specimen that is pleasing to any investor's eye.
For those with a 401k gold coin investment scheme, Austria has a popular coin the Austrian Philharmonic which was named after their illustrious orchestras. The Australians have the Nugget or Kangaroo that is minted in Perth on a yearly basis. It comes in 8 sizes with a new face given each year to the smaller coins, and then placed on the larger ones a year later. The Chinese coins of note is the Panda and is a hit with the local investors.