Why You Should Invest in Gold Coins?

Why You Should Invest in Gold Coins?
By [http://ezinearticles.com/?expert=Ray_Fristenson]Ray Fristenson
If you have looked at the news recently you know how difficult things have gotten for Europe, Cyprus is just about default and collapse unless they receive a bailout of $10 billion dollars. The situation is very critic and Cyprus citizens are very angry because the government wants to confiscate 10% of their life savings so they can pay and receive the bailout.
This is a very dangerous precedent, here we are talking that the Government can take your money from the bank and use it on their best interest to save the nation. This means that your money is no longer safe in the Bank, but storing it all in cash is also a bad option, because with rampant inflation you will always loose purchasing power.
The best alternative is Gold coins, gold has always been money and a store of value, as long as you have your money in precious metals no one will be able to still your wealth. The price of gold can go up or down depending on several economic factors and the timing, however gold will always be worth.
If hyperinflation hits tomorrow and you have all your money in cash you will be in serious problem, your money will be worth nothing in a blink of an eye. However if you have a good amount of your money in gold, you don't have to worry because even if there is an hyperinflation or deflation you have secured your wealth in gold, you can use it to exchange it for other value, to buy land, buy food or anything.
Gold bullion coins are the easiest way to invest in gold because they are easy to carry, they can be exchanged, they are a store of value and they are accepted anywhere in the world. There are different types of gold coins, the 3 most popular ones are:
The American Gold Eagles
Canadian Gold Maple Leafs
Krugerrand Gold Coins
But keep in in mind that if you are going to invest in gold you should own the actual gold and store it your self, there is no point in buying a precious metal if the bank will keep it for you. Certificates and Paper ETFs are not safe, you don't know if the bank has the actual gold you are buying and you don't know if they are going to give it to you when you request it.
The are many more gold certificates than there is gold to back it up, them moment that you try to get your gold out, the bank will tell you that they don't have it and that they will pay you in cash, which is worth nothing. [http://investygold.com]Click Here to Request your Free Gold Investment Kit. You can also learn more about how to invest in [http://investygold.com/gold-coins]invest in gold coins and insure your wealth before the coming economic crash.
Article Source: [http://EzineArticles.com/?Why-You-Should-Invest-in-Gold-Coins?&id=7578026] Why You Should Invest in Gold Coins?