Saturday, June 15, 2013

Robert Kiyosaki ‏: It's not what you say, it's how you say it


Robert Kiyosaki ‏: "It's not what you say, it's how you say it." I don't condone mincing words or dancing around issues, but always show respect.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Most don't know the difference between advice from rich people and advice from sales people


Robert Kiyosaki ‏: Most don't know the difference between advice from rich people and advice from sales people.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Friday, June 14, 2013

Buying Gold & Silver Coins On eBay ?





Although I have purchased many silver and gold coins through ebay, their are faster, safer and easier ways to do it without getting ripped off ..

I would recommend sticking to American Eagles, Canadian Maple Leaf bullion coins or coins that have been certified by NGC ,PCGS or ANACS preferably.

When buying Silver & Gold coins "sight unseen" the ONLY way to mitigate risk is with certified numismatic coins + making SURE that you check the coins certification number and clarify with the seller that the COIN in the PHOTO is the one you will receive.

Bullion or raw/ungraded coins are a suckers game on eBay-anything could be a slug, even certified coins can be tampered with. Check the sellers feedback rating, anything less than 100% and I would move on ...

Do Not Fall into the hype that BULLION is the only way to go-That's bullshit and the guys espousing that crap KNOW IT!

Just take a look at the "Closed Sales" on eBay for certified coins- They Sell like hot-cakes! Make sure you look at the closed sales on MS70 coins ..

Do the research .. Don't take my word for it and especially not from some perfect hair-Wall Street types, selling books, driving Tesla Roadsters & tooling around in their yachts
They want to scare you into buying , don't fall for it .. end of rant

Like I said, I have used eBay to buy gold & silver and I continue to do so on occasion.
I just don't feel comfortable recommending eBay to novice gold & silver coin buyers.

Since I originally posted this video, eBay has tightened up standards dramatically when it comes to what kind of certified coins you can sell on their site and made big steps to eliminate all the riff-raff.

Barclays : SILVER exhibited its weakest month in two years



Barclays Capital’s commodity strategists this morning predict more tough sailing for the price of gold. They’re just as bearish on silver.
From the note:

On silver:

On the industrial demand side, silver imports into China were the weak spot in April’s trade data and reaffirm our negative view on the metal. Imports were down 28% y/y at 172 tonnes, while exports were up 21.5% y/y at 85.7 tonnes, keeping China a net importer of the metal. Once again, the weakness in silver was across the board, from powder to jewellery; unwrought silver suffered the sharpest decline at 29% y/y, while powder imports were down 28% y/y. Given that investor appetite also remains soft, silver is set to remain significantly oversupplied.
A considerable amount of weakness stemmed from the ETP outflows, which had been relatively resilient compared with gold until May. While outflows were still weak for gold in May, silver exhibited its weakest month in two years with outflows tallying over 500 tonnes. May’s activity almost eliminates inflows for the year to date, but outflows over the past two months only make up 3% of total holdings. Silver coin sales, on the other hand, have been quite strong. The US Mint has reported sales exceeding 100 tonnes every month so far this year with June on track to surpass 100 tonnes


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Robert Kiyosaki : Leadership is about two things: Honesty and respect


Robert Kiyosaki : Leadership is about two things: Honesty and respect. Neither are easy, that’s why there are so few good leaders.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Rich isn’t the goal, happiness is. Rich is just a shortcut to getting your happiness.


Robert Kiyosaki ‏: I write constantly about getting rich. Rich isn’t the goal, happiness is. Rich is just a shortcut to getting your happiness.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : There are no more Jobs


Robert Kiyosaki :Teachers tell you 'Go to school and get a job', even though there are no more jobs

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Thursday, June 13, 2013

Robert Kiyosaki ‏: The Richest people in the world look for and build networks, everyone else looks for work


Robert Kiyosaki ‏: The richest people in the world look for and build networks, everyone else looks for work.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Information alone will not get you to your dreams and life goals


Robert Kiyosaki : Information alone will not get you to your dreams and life goals. It takes more than that. It takes transformation.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Successful people are always learning.


Robert Kiyosaki ‏: Successful people ask questions. They seek new teachers. They’re always learning.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Wednesday, June 12, 2013

Silver Bullion Unboxing Pamp Bars and Coins for my Collection

Silver Bullion Unboxing Pamp Bars and Coins for my Collection


This is a video for you showing my hobby/investment/retirement that I've always been in to. Silver is a great metal and conducts electricity and heat better than any other metal, and when polished reflects light better than any other metal. Silver is also naturally antibacterial. For these reasons it's used in industry in many ways, is in high demand and gets consumed unlike gold. I'm just betting that at some point based on the supply and demand of silver and many other issues, that silver bullion will be worth significantly more than it is now, hopefully saving me from any hyperinflation of our paper currency. It may seem like a conspiracy theory, but it's also likely to happen. It's nice to be prepared!

In this video I unbox some Pamp Suisse silver bars, some Canadian Maples, a few copper Pandas, and a 2012 Britannia silver coin I ordered from Provident Metals.

Unsustainable Silver Prices



First Quarter 2013 True All-In Cost Silver Industry Figures: Unsustainable Silver Prices


Over the last month we have been analyzing and posting the silver industry's true costs to mine each ounce of silver. We have analyzed all the major publicly traded primary silver producers, which includes close to 19 million ounces of mined production for Q1FY13 - a very large portion of the total worldwide production of silver (estimated at over 190 million for Q1FY13). We believe our numbers represent a large enough portion of mined production to extrapolate as a general figure across the industry.
Why These Costs Are Important
For silver ETF investors (SLV, SIVR, CEF, and PSLV) this metric is very important because it allows an inside understanding of the true costs associated with producing each new ounce of silver. This is arguably the most important metric in analyzing any commodity because it shows the price where production of that commodity becomes uneconomic. If it costs more to mine a commodity than the market is willing to pay for it, eventually producers will stop producing the commodity and close up shop. These are the type of environments that savvy commodity investors dream of because it allows them to purchase assets that cost more to produce than to buy, which is an environment that cannot last for very long because eventually supply will be lowered, cause scarcity, and then the price will increase.
http://seekingalpha.com/article/1496552-first-quarter-2013-true-all-in-cost-silver-industry-figures-unsustainable-silver-prices?source=google_news
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Robert Kiyosaki : Choose your thoughts; don’t react to emotion


Robert Kiyosaki : Choose your thoughts; don’t react to emotion


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: The words "I can't afford it" are a lie and your spirit knows it.


Robert Kiyosaki ‏: The words "I can't afford it" are a lie and your spirit knows it.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Gold & Silver are getting pounded , a potential opportunity to add



Robert Kiyosaki ‏: gold & silver are getting pounded. I wonder what's truly behind the drop. The fed? At any rate, it may be a potential opportunity to add


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Watch what the idiots are doing and do the opposite.


Robert Kiyosaki : Watch what the idiots are doing and do the opposite.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : The problem with school is


Robert Kiyosaki : The problem with school is that you often become what you study instead of OWNING what you study

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Tuesday, June 11, 2013

Rich people don’t own Assets but do own Corporations that own Assets.

 Rich people don’t own Assets but do own Corporations that own Assets.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Knowledge without actions is merely arrogance.



Robert Kiyosaki ‏: You are smart and have a lot of knowledge, but knowledge without actions is merely arrogance.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : learn how to turn that mistake into an advantage


Robert Kiyosaki : Making mistakes isn’t enough to become great. You must also admit the mistake, and then learn how to turn that mistake into an advantage.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: The key to my success is rising above situations


Robert Kiyosaki ‏: The key to my success is rising above situations and becoming a better person. Personal development leads to success.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Focus is power.


Robert Kiyosaki : Focus is power. Your ability to focus your personal powers determines what you achieve in life.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Be unique. Be different


Robert Kiyosaki ‏: You cannot be all things to all people. Be unique. Be different. Give to others what you want yourself. And do what you were made to do.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Monday, June 10, 2013

Gold bullion coins - mintages and pricing

I've been buying some gold lately.. Around 3% above spot. Not a lot of choice but they had a panda today at +3% Which after watching your vid i maybe should have picked up. The only coins they have over 3% is the tenth ounce krugerrand.. Not sure why that is

Silver Investment Demand: The Ticking Time Bomb

Steve St. Angelo, SRSrocco Report | Monday, June 10th
Even though silver investment demand has picked up recently due to the lowest prices in over two years, this may be just the tip of the iceberg for what is to come in the future. Currently, only a small fraction of investors understand silver's future potential but that will change in the next few years.
Presently, the Main Stream Media bandwagon has been quite busy putting out bearish analysis on silver demand and price. Whether it's due to a decline of industrial demand or a lack of silver investment by those in India, there doesn't seem to be a shortage of this sort of commentary. However, this should not be a concern for those who understand the true fundamentals in owning silver.
The underlying problem with this present bearish commentary is that it is so typical coming from an industry that provides forecasts based on superficial, outdated and manipulated data. The world's financial system is being propped up by trillions of dollars of worthless paper instruments that have totally distorted the market's ability to value assets correctly. Some of these so-called assets are severely inflated, while others such as silver, are tremendously undervalued.
Severely Inflated Supposed Assets
According to the Investment Company Institute's Q4 2012 report, the U.S. Retirement Market was valued at $19.5 trillion, up from $19.3 trillion in previous quarter:
Q4 2012 Retirement Market Break-down (in trillions)
IRA's = $5.4
DC Plans = $5.0
Private DB Plans = $2.5
State & Local Govt. Pension = $3.2
Federal Pension Plans = $1.6
Annuities = $1.7
TOTAL = $19.5 trillion
Now, if we compare that data to the ownership of gold and silver, we have the following:
http://www.silverseek.com/node/12170



MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Robert Kiyosaki ‏: Most with College Degrees have zero Financial Education


Robert Kiyosaki ‏: Most with college degrees have zero financial education. My rich dad often said, "What you don't know keeps you poor."

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : In the world of Money and Investing, High emotions equal low intelligence



Robert Kiyosaki : In the world of money and investing, you must learn to control your emotions. High emotions equal low intelligence.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki: A Key to Success is to...



Robert Kiyosaki: A key to success is to have your thoughts, words, and actions so integrated and congruent its as if they are operating as one.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : most people don’t want to help you


Robert Kiyosaki : At the end of the day, one of the biggest educations you learn as you grow up is that most people don’t want to help you

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Common Diversification is a bad idea



Robert Kiyosaki : Common Diversification is a bad idea. Warren Buffett says, “Diversification is a protection against ignorance.”

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Kiyosaki ‏: It's not what you say, it's how you say it



Robert Kiyosaki ‏: "It's not what you say, it's how you say it." I don't condone mincing words or dancing around issues, but always show respect.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Sunday, June 9, 2013

Ron Paul: It's Going to Get Much, Much Worse




Dr. Ron Paul has long been a leading voice for limited constitutional government, low taxes, free markets, sound money, civil liberty, and non-interventionist foreign policies. His last term in the U.S. House of Representatives ended earlier this year, so we caught up with the former Congressman to get his latest perspective on how successfully our national leadership is dealing with America's economic challenges.

Robert Kiyosaki : If you want to be financially-free, you need to become a different person



Robert Kiyosaki : If you want to be financially-free, you need to become a different person than you are today and let go of whatever has held you back

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

In life and in Business



Robert Kiyosaki ‏: In life and in business, there are many types of people you will have to work with. Approach them from their needs, not your own.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

In order to be successful, I had to be willing to grow and change to become whoever I needed to be


Robert Kiyosaki ‏: In order to be successful, I had to be willing to grow and change to become whoever I needed to be.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki: Be thankful for what you have; you'll end up having more



Robert Kiyosaki: Be thankful for what you have; you'll end up having more. If you concentrate on what you don't have, you will never, ever have enough

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Saturday, June 8, 2013

Robert Kiyosaki ‏: Making money isn’t about what you learned in school


Robert Kiyosaki ‏: Making money isn’t about what you learned in school. It’s more about who we are at the core—our values, strengths, weaknesses,

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Tax Advantages


Robert Kiyosaki : One of the many reasons I chose to work predominantly in big business and investing is because of tax advantages.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : It’s the fast that eat the slow


Robert Kiyosaki : It’s the fast that eat the slow. In order to survive, you must be able to think and adapt at the speed of information.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Keep expenses low, reduce your liabilities, and diligently



Robert Kiyosaki ‏: Keep expenses low, reduce your liabilities, and diligently build a base of solid assets.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: By focusing on your asset column, you'll find your path to financial security and wealth


Robert Kiyosaki ‏: By focusing on your asset column, you'll find your path to financial security and wealth much clearer and surer

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Making more money is only helpful if you use the money you make to purchase cash-flowing assets



Robert Kiyosaki ‏: Making more Money is only helpful if you use the money you make to purchase cash-flowing assets that in turn help you make more money.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Friday, June 7, 2013

10 Gram PAMP Suisse Gold Bar & Canadian Silver Coins

Just showing a couple pieces of gold and silver that I recently purchased. 10 gram (0.35 ounce) PAMP Suisse gold bar, and Canadian Wildlife Series 1 ounce Moose (2012) and Antelope (2013) coins. The design on the gold bar depicts Fortuna, Roman goddess of fortune. Thanks for watching.


Please note: I am not a precious metals professional, nor do I pretend to be. I'm just some random person on YouTube showing a few coins. Please perform your own due diligence before deciding to invest in precious metals. This video is only for your entertainment, it is not investment advice of any kind. Thanks

India: Govt told to raise import duty on Gold

KATHMANDU, June 7: Gold traders have requested the government to raise import duty on gold.

They made such a request arguing that duty hike on gold in India would spur smuggling of yellow to the southern neighbor at a time when the local market is facing shortage of gold.

India on Wednesday hiked gold import duty from 6 percent to 8 percent to curb its current account deficit.

“At a time when the domestic market is facing gold shortage, the recent duty hike in India might increase gold smuggling to India,” Mani Ratna Shakya, president of Federation of Nepal Gold and Silver Dealers´ Associations, told Republica. “Hence, we have requested the government to hike the duty as soon as possible.”

If customs duty on gold is raised in line with India, the yellow metal will be dearer in the domestic market by around Rs 1,000 per 10 grams. But traders have requested the government to increase the import duty by at least Rs 1,500 per 10 grams to prevent smuggling of gold to India.

“If the government does not raise duty immediately, the duty hike in India, which has made gold expensive there compared to the local market, will encourage smugglers to illegally export the yellow metal to India to get Indian currency which is selling at higher rates in black market,” Shakya added.

 http://www.myrepublica.com/portal/index.php?action=news_details&news_id=55836


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Robert Kiyosaki ‏: For many, a student loan will be the proverbial albatross around their neck for life.



Robert Kiyosaki ‏: For many, a student loan will be the proverbial albatross around their neck for life.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Money is a precessionall event


Robert Kiyosaki : Money is a precessionall event. If you do what you were created to do, money will find you.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Schools manufacture people who think that they're smart but they're not.


Robert Kiyosaki : Schools manufacture people who think that they're smart but they're not.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Kiyosaki : It is insane to tell your child, Go to school and get a job.



Robert Kiyosaki : It is insane to tell your child, “Go to school and get a job.” Insane.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Millions of retirees, or soon-to-be retirees, live in fear of outliving their retirement savings.

 Robert Kiyosaki ‏: Millions of retirees, or soon-to-be retirees, live in fear of outliving their retirement savings.



Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Vince Lanci Responds to Nouriel Roubini's Bearish Gold Forecast Kitco News





Many holders of gold store it in form of bullion coins or bars as a hedge against inflation or other economic disruptions. However, economist Martin Feldstein does not believe gold serves as a hedge against inflation or currency depreciation.[35]
The ISO 4217 currency code of gold is XAU.
Modern bullion coins for investment or collector purposes do not require good mechanical wear properties; they are typically fine gold at 24k, although the American Gold Eagle and the British gold sovereign continue to be minted in 22k metal in historical tradition, and the South African Krugerand, first released in 1967, is also 22k.[36] The special issue Canadian Gold Maple Leaf coin contains the highest purity gold of any bullion coin, at 99.999% or 0.99999, while the popular issue Canadian Gold Maple Leaf coin has a purity of 99.99%.
Several other 99.99% pure gold coins are available. In 2006, the United States Mint began producing the American Buffalo gold bullion coin with a purity of 99.99%. The Australian Gold Kangaroos were first coined in 1986 as the Australian Gold Nugget but changed the reverse design in 1989. Other popular modern coins include the Austrian Vienna Philharmonic bullion coin and the Chinese Gold Panda.
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