Wednesday, July 28, 2010

What is Canadian Gold Bullion?

The Maple Leaf coin is a term used to describe the Canadian gold bullion coin which was first introduced way back in 1979. It holds the prime distinction of being the first coin  with 99.99% pure gold. If you want to buy a gold coin, the Maple Leaf should be your goal. It is an investment that is practical, easy to sell, and can be sold anywhere in the world.

All Canadian gold bullion coins are certified by the Canadian government, and this cements its value in the international market. You can buy these gold coins in troy ounce sizes of ½, ¼, 1/10, and 1/20 which means almost anyone with additional capital to invest can afford to buy a Canadian bullion coin.

When you buy a Canadian gold coin, you are acquiring a piece of history. When the Canadian gold coin was first introduced to world, it was never intended to be used as a form of currency. At that time, there was only one other gold bullion coin which was made in South Africa. This Krugerrand coin uses 22 karat gold so when the Canadian version came out as a 24 karat coin, it quickly surpassed the South African coin in value and demand.

When you see the Canadian coin, on one side it has the signature maple leaf, and on the other, the profile of Queen Elizabeth II. It has a diameter of 30 mm, and a thickness of 2.87 mm. It weighs about 31.150 grams and currently valued at $50 Canadian if used for legal tender.

Buying or selling of this Canadian bullion will be based on the current price of gold in the international market. Thus, your investment can either remain steady or shift value depending on market trends.

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