Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Like legendary resource investor Rick Rule recently said, "Warren Buffett doesn't need gold, but you do."
With a net worth of $84 billion and a reputation as the most successful investor ever, Buffett's personal finances are in fine shape, even without gold.
But there's no denying that, for the average investor, gold is essential for growing and protecting your money at the worst of times.
The trouble is, between ETFs, closed-end funds, mutual funds, futures, bars, and coins, the choice is dizzying.
There are hundreds, maybe thousands, of ways to own gold. And yet one form provides you with its biggest advantages; there is no substitute for physical gold.
Let's explore some of those unmatched benefits, and then I'll give you my three favorite coins to own.
About the Author
Peter Krauth is the Resource Specialist for Money Map Press and has contributed some of the most popular and highly regarded investing articles on Money Morning. Peter is headquartered in resource-rich Canada, but he travels around the world to dig up the very best profit opportunity, whether it's in gold, silver, oil, coal, or even potash.
What about the 1 oz $50 American Buffalo? I believe it is 24 carat.
The American Buffalo should be on this list
What are smaller denominations gold coin without a premium?
How about rhodium?