Gold is an excellent store of wealth. Gold has retained its intrinsic value for centuries. It is the only currency in the world to have withstood the test of time. Physical gold is a tried-and-true way of preserving wealth. And that is why I chose gold to keep a portion of the money I've earned over the months.
This is my eighth 1/4 oz American Gold Eagle!
I am from the United States. Therefore, the American Gold Eagle is appropriate for me to stack.
The only mint permitted to create American gold coins is the United States Mint because it is the country's sovereign mint. Since 1794, the US Mint has produced both circulation gold currency and gold bullion coinage. In circulation from 1794 to 1933 were gold coins with a.900 pure gold content (1838–1933) and 22-karat gold (1794–1837). Gold bullion coins for investment and collecting were reintroduced by the United States in 1986.
Also, the American Gold Eagle from the US Mint is the most popular gold coin in the world1.
The $20 Double Eagle Saint-Gaudens coin, which was issued from 1907 until 1933, served as inspiration for the obverse design of the American Gold Eagle. Augustus Saint-Gaudens produced this image in 1907 as the first of several new coin designs that the United States Mint would use to revive the nation's coinage.
It features a beautiful Lady Liberty holding a lit torch. She holds the symbol of freedom and enlightenment on one hand and an olive branch on the other, symbolizing our country's desire for peace. The sun is rising. That is the Capitol Building (at Lady Liberty's foot) is in the background.
The reverse design depicts a bald eagle's head staring ahead. It includes "UNITED STATES OF AMERICA", both mottos above the eagle's head, "E PLURIBUS UNUM" and "IN GOD WE TRUST", the face value, and the fine gold content.
Physical gold can be privately accumulated and easily liquidated and traded. It is a portable and a long-lasting source of wealth. Many individuals choose to save their money in gold outside of the conventional banking system. I save part of my hard earned money in gold.
How does gold protect my personal purchasing power?
The buying power of our paper dollars has drastically dropped over the long term, meaning it takes more dollars to buy the same goods and services. But because gold is traded in U.S. dollars, a decline in the value of the dollar typically sees an increase in the price of gold. That’s how gold can protect—and even expand—your personal purchasing power in today’s uncertain world.
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I strive to save up money to purchase a piece or two of gold a month. At first, it was so difficult, and I thought I could afford only the tiny 1/10 ounce. It takes a lot of discipline. For me, there is always a temptation to buy the latest and shiniest silver. And before long, I had consumed part of my savings for gold. It is a continuous struggle!
It's not about how much money you make. It's how you save it. I save in silver and gold.
Reference
https://en.wikipedia.org/wiki/Augustus_Saint-Gaudens
1https://sdbullion.com/blog/famous-gold-coins
https://www.usmoneyreserve.com/why-buy-gold
https://www.jmbullion.com/2003-1-4-oz-american-gold-eagle-coin/
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