To hedge against economic instability, commodity assets are often used. In recent years, as the global economy has taken a turn for the worse, there has been heightened fear over inflation and other global financial concerns. Gold American Eagle coins have been popular for 25 years, since they were introduced in 1986, but are now viewed as a serious asset used to secure the financial holdings of investors the world over.
States such as Colorado, Montana, Missouri, Iowa, New Hampshire, South Carolina, Utah, and Washington have proposed measure to bring back the gold standard. While such measures may only be a symbolic gesture sending the message that paper currency is far too volatile and retains no real intrinsic value, many believe that precious metals such as gold provide the only way to hold onto purchasing power.
Utah has actually succeeded in passing a bill that requires recognition of gold and silver coins as legal currency as long as the coins were issued by the federal government. This means that gold American Eagle coins can now be used in the state of Utah for purchasing goods as long as store owners are willing to accept the coins.
Jeffrey Bell, policy director for American Principles in Action, said, “People sense that in the era of quantitative easing and zero interest rates, something has gone haywire with our monetary policy. If one state recognizes gold as a valid currency, I think it would embolden people not just in other states but in Washington.”
Investors do not have to work towards passing policies in their state of residence to take advantage of the rising value of gold. Gold American Eagle coins, for instance, provide an excellent store of wealth that is expected to rise well above the $1,500 an ounce mark, where prices are currently hovering.
Gold American Eagles can be purchased in a one-troy ounce size as well as several fractional sizes. Investing in coins provides a lucrative investment opportunity and an interesting pastime, which is why coin collecting has been the “king of hobbies” for centuries. Each American Eagle coin is adorned with the image of Lady Liberty holding a torch. The obverse side of the coin also features the date of issue, the mintmark where it was struck, and the inscription “Liberty.” The reverse side includes an image of a flying bald eagle with an olive branch in its talons.