American Eagle Gold Bullion Coins

American Eagle Gold Bullion Coins were authorized by the Bullion Coin Act of 1985. These gold bullion coins quickly became one of the leads in investments of its kind. American Eagles have their gold content and legal tender imprinted into them as well as using gold mined from the United States. The value of the American Eagle is based on its metal content and market price, including a premium to cover distribution and coinage.

A durable 22 karat standard was used for American Eagles, a standard that has been established for gold circulating coinage over 250 years ago. With the stated amount of pure gold and a small amount of allow, it creates a harder coin that becomes much more resistant towards scratching and marring which prevents the resale value from diminishing.

Investing in Gold Coins

Gold has been a treasured precious metal ever since it was discovered 5,000 years ago. Gold is internationally recognized as a monetary and financial asset that is held in reserve by major governments. Gold has remained very valuable due to its rarity. All the gold in the world could fit into a cube measuring 60 ft per side. Due to the rarity and value of gold, investing in coins makes it simple and affordable.

One of the most important attributes to any asset is its liquidity. To be able to easily purchase and sell your investments is arguably just as important as your investment’s value. This makes investing in gold coins very easy and sound. Those who invest in gold can easily track the value of gold from most major newspapers.

What sets American Eagle Gold Bullion Coins apart from other gold investments is that they are the only bullion coins that the United States Government guarantee the weight, content and purity. American Eagle Gold Bullion Coins can be purchased at brokerage houses and participating banks, as well as major coin and precious metal dealers.

The 3 Largest Gold Mines in the World

Gold has always been a rare commodity. Although the price of gold is always fluctuating, the amount of gold won’t change, which an estimate of 171,300 tonnes mined so far. With that in mind, there are countless amounts of gold mines throughout the world.
Let’s take a look at the three largest gold mines in the world.

Grasberg Mine
The Grasberg Mine is considered to be the largest gold mine in the world as well as being the third largest copper mine in the world. Although it is located in Papua, Indonesia, it is operated by Arizona-based miner Freeport-McMoRan Copper & Gold, which owns 90.64% of PT Freeport Indonesia.
Grasberg Mine’s reserves were first explored and identified in 1988, which at the time was valued to be $40 billion. The road required to be built as well as the mining facilities was estimated to require $12-15 million to be built. The road alone cost $2 million to be completed.
The government of Indonesia has allowed Freeport to conduct within a 24,700-acre area (Block A) exploration, mining and production activities. They also have exploration activities in an approximately 500,000-acre area (Block B). In 2006, Grasberg Mine produced 610,800 tonnes of copper; 174,458,971 grams of silver; and 58,474,392 grams of gold, all of which took place in Block A.

Yanacocha Mine
Considered to be the second largest gold mine in the world, Yanacocha mine is located in the Andes Mountains in northern Peru. Originally co-owned by Bureau de Recherches Geologiques et Minieresm Newmont, and Buenaventura. However, this partnership wound up collapsing in 1994 when BRGM tried to sell parts of their shares to Newmont’s rival company.
The Yanacocha mines are now run by Newmont Mining Corporation, the world’s second largest gold mining firm located in Denver, Colorado. Newmont is also a major shareholder, together with Buenaventura. In 2005, The 251-square kilometer open pit reached a production peak of 3,316,933 ounces of gold, however production has fallen by at least half since then.

Goldstrike Mine
Located in North Eastern Nevada, Lynn District, Eureka County, Goldstrike is the third largest gold mine in the world while being the largest in North America. The mining of Goldstrike started in 1986 by Barrick Gold, a company located in Ontario, Canada. Goldstrike is comprised of three distinct mines. A large open-pit mine, Betze-Post, as well as two underground mines, Meikle and Rodeo.
In 2008, the Betze-Post yielded 152,886 ounces of silver and 1,281,450 ounces of gold, while the underground mining operations in Meikle yielded 51,438 ounces of silver and 424,687 ounces of gold. This makes up to 30% of all of the gold mining operations done in Nevada.