Throughout history, precious metals have served as long-term growth assets and hedges against economic uncertainties. Most often, residents invest in gold to grow their wealth long-term. However, investors also buy silver, platinum, and palladium to diversify their portfolios.
These attractive attributes of gold make the precious metal an excellent portfolio diversification tool for investors in Yonkers.
If you’re looking to invest in gold coins and bars, consider buying from reputable online gold companies, as they provide extra security and convenience. That said, consider browsing various gold investment options available from the dealers listed below.
There isn’t a gold coin mint in Yonkers. However, one of the most famous coin-minting facilities in the U.S. is the West Point Mint in New York, which holds 22% of the country’s gold reserves. The West Point Mint was established in 1937, and its primary purpose was to serve as a storage facility for silver bullion.
Since 2006, the West Point Mint has manufactured gold, silver, and platinum American Eagle Bullion and commemorative coins authorized by Congress. The West Point Mint has the “W” mint mark inscribed on its circulating quarters to indicate the minting facility.