Mike Maroney: Hi! My name is Mike Maroney. I am the Vice President of Monex Deposit Company. We are discussing the types of Gold and Silver you can buy. So let's discuss how to purchase Gold bullion coins.
When you purchase gold bullion coins you can actually purchase them in many different sizes. They come in one ounce, one half ounce, one quarter ounce, one tenth ounce and actually as small as one twentieth of an ounce.
The interesting thing is as the size of the coin actually gets smaller, the premium increases. So if you are looking for the lowest possible premium when you purchase gold bullion coins, the best way to typically purchase these coins is in one ounce form. That premium is much lower than if you purchase them in one twentieth ounce coins.
Gold bullion coins are just that they are bullion coins made out of gold. They seem to be one of the more popular ways for investors to hold on to gold and the reason why, is they are very easy to buy, they are easy divide, they are easy to trade and they are very easy to hold.
Gold bullion coins are minted by government mints here in the United States, the US Mint, the Canadian Mint, the Austrian Mint, the South African Mint and they are probably one of the more popular ways investors around the world purchase gold.
The 24 carat gold bullion coins are the American buffalo, the Vienna Philharmonic and the Canadian Maple Leaf. There are 22 carat gold bullion coins they still have one once of pure gold in them, but they have a hardener in them so they wont scratch quite as easily and those are the American Eagles and the Hugh Grant.
So those are the basics as far as purchasing gold bullion coins.