The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Friday, 24th April 2009 (941 views)

Investing in gold coins is an ideal alternative to purchasing shares on the stock market, an expert has claimed.

Speaking to Forbes, president of Albanese Rare Coins David Albanese explained that many buyers are looking to invest in the precious metal due to the current uncertainty in the stock market.

"If you buy $1 million [£679 million] worth of stocks, it could go down to $20,000," he told the news source, adding: "That just doesn't happen with coins. They really are artifacts, and there are a finite number of the rare ones left."

Notable examples of coins made from the precious metal are the 1933 Double Eagle and the 1861 Double Eagle, with the former worth $8.5 million in good condition.

Mr Albanese's comments follow those of gold expert Mangesh Gavankar, who told Emirates Business recently that "you can't go wrong" with buying the metal in the present financial climate.

 

« Back to Gold News stories