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Paul A Drockton M.A.: "Why Gold Will hit $4,000"
Tuesday, April 1, 2008
The Canadian Maple Leaf
When the Krugerrand was boycotted during Apartheid in the 1970s; the Canadian Government became the Second in the World to issue a Gold Bullion Coin that was sold directly from the Mint for its bullion value. As a Foreign Currency that was "legal/tender"; it could not be confiscated by the United States Government. This gave it great appeal to private investors looking to divest out of the South African Krugerrand.
This beautiful coin is smaller than the Eagle because it is 24 ct. .999 fine gold. This makes it softer and easier to deface, so collectors have to be careful that it is "protected" properly.
The Eagle comes in 1 oz (pictured); 1/2 oz; 1/4 oz; 1/10 oz. and even 1/20th of an ounce.
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