The US economy is in a financial meltdown. The American currency is also declining. Smart citizens are looking for better options to defend their money, made through hard work and patience.
Globally, buying gold is one of the best ways to protect your wealth. In fact, buying gold is one of the cheapest and most proven ways to protect your wealth.
Mexican coins are
For experienced bullion investors, Mexican coins are a top favorite. Likewise the golden Krugerrands from South Africa. The main reason for many people to buy Mexican gold coins is to fight inflation and balance risk.
Mexico’s gold 50 pesos were first minted in the 1920s. This is one of the most stunning gold coin designs on earth. This coin features gold und schmuckankauf majestic art featuring an angel with wings and famous mountains in the background.
The reverse of this coin depicts an eagle with a snake in its beak. The size of these coins is at least 20% larger than the US version of the Gold Eagles. These coins contain 1.2057 ounces of solid gold. This makes them a much better gold carrier compared to the legendary American $20 gold coins.
To buy Mexican coins you can visit neighboring gold dealers. It can also be helpful to visit local coin shops that sell gold coins at bargain prices. Even so, most gold traders would try to make a much higher profit on the sale of gold 50 pesos. The higher premium is justified as they have to cover their operating overheads along with other expenses.
If you wish, you can also view and buy Mexican coins online. Try to find online auction sites as they have been the hub for gold coin deals in recent years.
China buys its own gold
Although China is known for its secrecy, it publicly announced in 2009 that it had increased its reserves by 76% through an impressive gold purchase. Why it bought such an amount is up to analysts. On the other hand, the Chinese own 3,000 tons of gold, two-thirds of which was acquired in the last five years. These numbers are a clear indication that China is showing all the signs of unprecedented gold hunger at both the government and private levels. What is the reason for this aside from demographic diversity and being able to afford it considering all this gold was bought from its own mines and China is currently the largest gold producer in the world?
As for the public demand for gold, the explanation is quite simple and, so to speak, universal: in times of crisis, people no longer trust money and turn to gold as a stable and enduring value, be it in the form of jewelry or gold bars. This explanation appears to apply to the Chinese state as well , given the current climate of total distrust in the ability of fiscal or monetary policy to offset the crisis and revitalize the global economy . Where to turn if not to gold, which never failed like these human devices?
But in the case of the People’s Bank of China, the situation is more complicated. First, regardless of the amount of gold purchased for its reserves (the world’s largest foreign exchange reserves), this represents a tiny 1.6% of that, with most of it being US Treasuries. This new figure completely changes the perspective of China buying such large amounts of gold and its secrecy in doing so. China is not interested in triggering an increase in the price of gold in any way. Aside from raising the price domestically and hurting domestic demand, it could result in a weaker dollar, thereby drastically reducing the value of the immense amount of US Treasury bonds that China owns.
The economic interests at work in the “business” relationship between China and the US put the Chinese state’s recent gold purchases in a different light. China is very cautious about the dollar devaluation. Firstly because of its US government bonds and secondly, but just as important, because the US market is the main market for its products and selling them means being able to secure economic growth.
KB Financial Group has established the world’s first and only Private Global Currency Exchange System . The system offers everyone the opportunity to exchange fiat, i.e. paper currency, for gold bars. And not just gold, but 24K 999.9 Kinebar quality, certified gold bars in small gram weight denominations.
KB was founded with the vision of providing people around the world with a safe and secure way to buy and save gold. They have developed an exclusive system that allows anyone to set up online gold investment accounts.
KB- Edelmetall is currently the world’s largest manufacturer and supplier of 1.0 gram gold bars. Today they also produce 0.5, 1.0, 2.5 and 5.0 gram bars.
The KB ( Kapital & Business) Group is a financially secure, debt-free and fully self-financed private Swiss institution founded in 1994. The company is integrated into 23 business areas. Operations are from 2 corporate offices, one in Munich, Germany and the other in Stuttgart, Germany.