A
growing number of people in the US are choosing to invest
in gold, an expert has observed.
Brad Watts of US Classics told the Mohave Daily News that
interest in the precious metal is increasing due to uncertainty
in the stock market.
He was speaking at the Laughlin Coin, Currency, Jewelry &
Stamp Expo, which was held in Nevada over the weekend.
The publication noted that while stock prices can decrease
suddenly, many people are turning to gold because a rare and
valuable coin is unlikely to see much depreciation.
"People are investing in coins and gold," said
Mr Watts. "It's a very good investment market right now
… gold's hot."
Last week, advisory firm Gold Coins Gain noted that American
Eagle gold coins are a particularly good investment for those
in the US.
The company explained that they count as part of individual
retirement arrangements and therefore carry tax advantages.
