In fact, in its first year of release, the United States Mint had to mint 3.6 million pieces, or 62 tonnes of American Eagle gold coins, to satisfy the demand from investors and coin dealers! The gold American Eagle coin – the perfect hedge Considering that this was the first legal tender gold coin released by the United States in over five decades, there were many buyers waiting on the sidelines. Subsequently, in 1986, the United States Mint issued the first gold American Eagle coin. It would take another eleven years for the United States Congress to pass the Gold Bullion Act of 1985, which authorised the creation of legal tender gold and silver coinage. Roosevelt’s executive order that penalised ownership of gold was in place for 41 years before President Gerald Ford repealed the law in 1974. From 1933 onwards, a new financial era began in the US, where pieces of green paper became the cornerstone of the country’s monetary system. Roosevelt issued the infamous executive order 6102 that criminalised the ownership of gold and made all government issued paper instruments non-redeemable in gold.
To prevent this, in 1933 President Franklin D. With people seeking to exchange all forms of paper securities, including bank notes, for gold, the financial sector and the Government itself experienced a run on their gold reserves. With the United States in the midst of severe depression in 1930s, gold naturally became the asset of choice. History The United States financial panic of the 1930s and gold Gold’s low correlation with other financial assets makes American Eagle coins serve as a portfolio hedge against market risk. American Eagle bullion coins are an ideal choice for any type of long-term investor who appreciates the security and stability of owning physical legal tender gold coins.Īmerican Eagle gold coins are an excellent way to diversify your portfolio. The rest of the alloy contains silver and copper, which strengthens the coins’ surface and enhances the durability of the coin making it suitable for handling.Īmerican Eagle gold coins are the equivalent of savings. They are minted from a gold alloy that is 91.67 % pure (22 karats). To date, some 30 million coins have been minted and issued by the United States Mint which thus underpins the global recognition and acceptance of American Eagle gold coins.Īmerican Eagle gold coins are durable. Granted legal tender status in 1985 by the United States Congress, the gold American Eagle coin is currently the longest continuously produced US gold piece since the 1930s to have reclaimed this precious monetary stature.Īmerican Eagle gold coins are liquid and recognised. The value of American Eagle gold coins is primarily determined by their fine gold content which is linked to the prevailing price of gold.Īmerican Eagle gold coins are money.
Why BuyĪmerican Eagle gold coins track the price of gold. They are thus appropriate for most investors and especially for those who would like to diversify and hedge their portfolios against unfavourable market events. With their purity guaranteed by the US Government, American Eagle gold bullion coins are recognised worldwide and are supported by a deep liquid market. First released by the United States Mint in 1986, American Eagle gold coins have become the preferred tangible asset of many investors who to this date have bought more than 30 million pieces. The popularity of this impressive gold coin stems from its beautiful design, high quality, and its prestigious legal tender status. Tavex is pleased to offer the gold American Eagle coin, the most popular gold piece issued by the United States, and one of the foremost investment gold bullion coins in the world.
0 kommentar(er)
