By John Smith • 10 July 2020 • 11:48
1 Ounce Canadian Maple Leaf
Credit: Royal Canadian Mint
HISTORY shows that in times of crisis, be it war, financial or widespread disease, many people turn to gold as a way of storing wealth and hopefully profiting in the long run.
At the beginning of July, the yellow metal broke the $1,800 (€1,599) barrier for the first time since 2011 and with the threat of negative interest rates is likely to attract many buyers.
Individuals should never purchase proof gold coins which are priced far higher than spot but should look at modern bullion coins direct from Government mints.
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.
Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.
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