Submitted by: Christina Goldman(2,741) Log in to become a member of Christina Goldman's Fan Club!
If you are fortunate enough to have a million dollars to invest in gold bullion, you have a unique problem.
Where the heck are you going to store all that gold?
Let's say you decided you wanted to invest in gold bullion coins such as the American Gold Eagle. At the current spot sell price of $975, you would have to invest in a secure storage facility large enough to hold roughly one thousand twenty-give coins.
Even if you wanted to buy gold bullion bars such the 10 troy ounce Credit Suisse gold bar, you would still need to find a way to store one hundred and five troy ounce bars.
What's a deep-pocketed, gold bullion investor to do?
What if I told you that there was a way to invest a million dollars in gold bullion by purchasing just one gold coin?
The China Mint has released a twenty-two pound gold coin commemorating the 2008 Olympic Games in Beijing.
The price tag: a cool $1 million.
It is the largest Olympic coin that has been produced so far. The gold coin features the logo of the 2008 Beijing games on one side. On the other side is an image of the Olympic athletes, flanked by a towering Chinese temple.
At the current spot price of $934.00 an ounce, this huge gold coin would be worth about $312,000, if it were to be melted down. (In case you were wondering - the twenty-two pound commemorative coin is 321 troy ounces and gold is measured in troy ounces).
Only 29 of these twenty-two pound gold commemorative coins have been issued - and there's only one available for sale in the U.S. The seven inch coin is packaged in a carved, ornate African Blackwood box. Perched atop the box is a thirty-five pound carved Shousan stone dragon. Shousan stone is the national stone of China.
If you're interested in investing in the gold 2008 Commemorative Olympic coin - or would just like to see a picture of a $1 million gold coin - you can do so at: GovMint.com.
Christina Goldman has been collecting silver and gold bullion since 1999. In those days, when the dot com mania was in full swing and gold was seen as just an ancient relic, she paid $269 for her first one ounce American Eagle gold coin! Gold has more than tripled since then, but Christina still thinks buying gold (and silver bullion) is a smart investment.
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