Since the California Gold Rush in 1848, many residents of Glendale have preserved their wealth by investing in long-term growth assets like gold. Historically, the value of gold has steadily increased over time. This makes the metal an excellent portfolio diversification tool and a hedge during economic uncertainties.
Likewise, today’s savvy investor also looks for opportunities to purchase other precious metals, which can add a layer of stability to their portfolio. These investors may choose to buy platinum, for instance.
Modern investors prefer to buy gold products and other precious metals from online dealers as it is more convenient. It also provides additional security as the gold company can ship your products directly to your depository.
California is home to one of the most famous coin mints, located in San Francisco. The San Francisco Mint was first established in 1854 during the California Gold Rush. The Mint is renowned for producing coins of great numismatic quality, such as the 1854-S Quarter Eagle and the 854-S Half Eagle.
To help investors identify the manufacturer of gold coins, the San Francisco Mint inscribes the letter “S” on the gold coins it produces. Nowadays, the Mint is the largest producer of collectible coins locally and one of the largest producers of proof coins globally.