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Monday, 8th June 2009 (936 views)

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.

 

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