I suppose it’s no secret that, in times of financial crisis, people turn away from negotiable currency and various sorts of stocks and bonds toward good old-fashioned precious metals.
Not surprisingly, then, I just saw an online article that says Europe’s financial instabilities are turning investors toward gold coins. The story I read said the one-ounce 2010 American Eagle bullion coin seems to be increasingly popular.
The only thing I know about gold coins, really, is that my wife has some vintage U.S. two-dollar (I think?) gold piece that was mounted in a bracelet her father bought for her when she was a young girl. At the current rate of around $1,200 per ounce for gold, I really have no idea how much her little bracelet would be worth. Besides, she keeps it as a memorial of her departed dad, so you can bet we’d never sell it.
Are you investing in anything these days? If so, are you investing part of your money in gold, silver, or other precious metals? Curious minds want to know, so leave us a comment and let us know your best gold investing strategy — or not, as you wish.