Canadian Gold Coins

Is Canadian Maple Leaf Gold Something You Should Buy?

You know you should be saving money, and hopefully, you already do that. If you had a phase of life where you couldn't make ends meet or were living paycheck to paycheck, then you might have fortunately survived it and either changed your ways or finally found an income high enough that you could start saving money. Money Metals offers Canadian maple leaf gold coins in a number of different sizes for worldwide investors.

You likely saved up one paycheck first, possibly even as just cold-hard cash to fill your wallet. Then, you moved on to an emergency reserve fund so you had a half a year of living expenses sitting in the bank. Following that, you started thinking big, looking at things like stocks, bonds, money market funds, ETFs, and certificates of deposit.

Most of those should make up the majority of your portfolio, but you know that diversification of assets isn't just about having different kinds of stocks and bonds. It also means exposure to things like real estate and commodities, including precious metals like gold, silver, and platinum.

How much of your portfolio should go into gold is debatable. You'll hear some experts say 10 percent just as a hedge against inflation, and others will say as much as half your portfolio so you can ride the price boom.

The specific numbers are up to you and your financial advisor, but one thing you have to do is buy some gold. Is Canadian Maple Leaf gold then the right answer for you? Quite a few Australian coins are very popular, not just on the continent itself, but also around the world.

Canadian Maple Leaf gold coins come in a variety of sizes and weights, but the designs are pretty similar, if not identical altogether. They focus on the iconic maple leaf symbol itself, which is, of course, synonymous with Canadian nationality and culture, as it is on the flag that flies over the northern neighbor of the United States.

Investing in Canadian Maple Leaf gold coins can be a smart move if you are relatively new to investing or collecting in gold, either one. Starting off in the American domestic market is quite common, but branching out internationally has benefits, and staying on the continent is a safe way to stick your toes in the water so to speak without committing too much.

They're a great way to add some foreign flavor if you are a collector, and there are numerous advantages to enjoy if you are an investor. Sometimes, the American market of coins can get quite tight in supply, so turning to Canadian options is a way to keep your investment portfolio growing by expanding your reach.

You can find Canadian Maple Leaf gold coins either on the international market in Canada itself, often online, or even in the domestic market, as many of these coins have already come across the border. If you do approach gold as a hedge against economic inflation and volatility, there might even be advantages to buying it in Canada and leaving it there so it gives you an anchor or bellwether to lean on in case of serious financial turbulence inside the United States.

In some cases, you might be able to buy this kind of coin or bullion without even paying taxes. Under the right circumstance, you might be allowed to purchase them within a retirement vehicle such as an IRA. Don't rush out and do that immediately though. You need to consult a tax professional to first make sure that it is even possible in terms of eligibility and legality, and you also need to crunch the numbers to make sure that it's worth it or likely to be based on predicted future gold values.