Many holders of gold store it in form of bullion coins or bars as a Hedge against inflation or other economic interference. However, some economists do not believe gold serves as a Hedge against inflation or currency depreciation.
ISO 4217 currency code of gold is XAU.
Modern bullion coins for investment or collector purposes do not require good mechanical wear properties, they are typically fine gold at 24k, although the American Gold Eagle and British gold sovereign continue to be printed in 22k metal in historical tradition, and South Africa Krugerand, was first released in 1967, also 22k. The special issue in Canada Gold Maple Leaf coin contains the highest purity gold of any bullion coin, at 99.999% or 0.99999, while the popular issue Canadian Gold Maple Leaf coin has a purity of 99.99%.
Several other 99.99% pure gold coins. In 2006, the United States Mint began production of the American Buffalo gold bullion coin with a purity of 99.99%. Australian Gold Kangaroos was first coined in 1986 as the Australian Gold Nugget but changed the reverse design in 1989. Among other famous modern coin Austria Vienna Philharmonic bullion coin and the Chinese Gold Panda.
 |
| Gold Price History 'till Jan 2012 |
0 comments:
Post a Comment