Investing in Gold Sovereigns

Investing in Gold Sovereigns
English Coins

Although, the sovereign gold coin has been around for at least 500 years, investing in gold sovereigns is still popular, especially in Europe.

The sovereign is a gold coin of the United Kingdom with a nominal value of one pound sterling.  Prior to 1932, it was a fully circulating coin with Britain’s then Gold Standard currency.  Today, it is used as a bullion coin and is sometimes mounted in jewelry.  So what are the characteristics of the British gold sovereign, that can attract investors to actually go ahead and invest in gold sovereigns?

Investing in gold nowadays is necessary for the following reasons:

  • To protect and preserve wealth from unexpected events.
  • Gold is a hedge when the stock market is not expected to do well.
  • Portfolio diversification.
  • The weak dollar
  • The loss of confidence in central banks
  • Geopolitical uncertainty (Middle East, Brexit, ISIS, North Korea, Hong Kong.)
  • The US-China trade war.
  • The covid-19 triggered financial crisis

The first British gold sovereigns were minted more than 500 years ago.  They were minted under King Henry VII in 1489.  In 1816, the British Gold Sovereign as we know it today was first introduced, and as the British Empire expanded under Queen Victoria during the 1800s, this coin came to be the world’s most widely distributed gold coin.  The design of Saint George astride his brave steed, slaying the dragon, is common to the reverse of all variations of the coin.

It is estimated that only 1% of all gold sovereigns that have ever been minted are still in collectible condition.  It is this relative rarity in relation to bullion coins and bars that leads to leverage whereby, in gold bull markets the value of these coins increases by more than the actual price of gold.

Unlike paper investments or speculations, British sovereigns are a real and permanent tangible value.  Therefore, they offer two ways to build wealth.  They can offer the best of bullion and numismatics in one investment.  They contain the intrinsic security of bullion or precious metal in a pure form and can also offer additional profit potential, due to their aesthetic and historical appeal.

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What is IRA Approved Gold?

What is IRA Approved Gold?

What is IRA Approved Gold?

When it comes to investing in IRA coins or bullion, not all coins or bullion are approved. That’s because the IRS has placed strict purity rules and requirements and rightly so. Therefore, all coins and bullion approved, are those who meet the strict IRA rules. The IRA approved gold, should have a purity grade of at least 0,995, for silver 0,999, for platinum 0,9995 and 0,9995 for palladium.

Gold IRA approved

  • 1-American gold eagle coins
  • 2-American gold buffalo coins
  • 3-Australian gold kangaroo nugget/coins
  • 4-Austrian gold philharmonic coins
  • 5-Canadian gold maple leaf coins
  • 6-Credit Suisse golden bars
  • 7-Johnson Matthey gold bar
  • 8-Valcambi gold combi bar

Silver IRA approved

  • 1-American silver eagle coins
  • 2-Australian kookabarra silver coins
  • 3-Austrian Philharmonic silver coin
  • 4-Canadian silver maple leaf coins
  • 5-Mexican silver libertad coins
  • 6-Johnson Matthey silver bar
  • 7-Royal Canadian silver bar

Platinum IRA approved

  • 1-American eagle platinum coins
  • 2-Australian koala platinum coins
  • 3-Canadian maple leaf platinum coins
  • 4-Isle of man noble coins.

Palladium IRA approved

  • 1-Canadian palladium maple leaf coins
  • 2-Russian ballerina palladium coins
  • 3-Baird palladium bars
  • 4-Credit Suisse palladium bars.

Gold must be stored in an IRS approved depository. In particular, investors do not have to stash gold bars or coins in their homes or closets.

Reasons to Invest in Gold and Silver

There are several reasons to invest in gold. The most important are:

  •  To protect and preserve wealth from unexpected events.
  •  A hedge when the stock market is not expected to do well.
  •  Portfolio diversification.
  •  The weak dollar
  •  Loss of confidense in central banks
  •  Geopolitical uncertainty (Middle East, Brexit, ISIS, North Korea, Hong Kong.)
  •  The US China trade war.
  • The covid-19 triggered recession

Should I Include Gold in my Retirement Plan?

Gold is the type of investment that can protect when times are hard and at the same time will also offer significant gains to your nest egg.  Back in 2001, an ounce of gold cost $271,00.  Ten years later it reached $1896,00, an increase of almost 700%.   During that time, banks and currencies collapsed, the real estate market collapsed, but the price of gold didn’t.  In particular gold fed from these calamities, it was the rediscovered idol, in the time when everything else collapsed, from mortgages, stocks, credit default swaps, and derivative products, all was too complicated to even understand.

As you can see, a standard IRA, an IRA invested totally in stocks bonds and other funds, is actually putting your hard earned money at risk.  You are relying on government, weak currencies, economies and large corporations.  Gold and silver can actually safeguard your investment.

Conclusion

Investing in a gold-precious-metals IRA requires certain experties. A small mistake could cost thousands of dollars.
Before making a major investment decision it is a good idea to read reviews, do your own research and consult a professional that can guide you with any questions you might have.

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