Categories
Industry News

Gold Bullion Coin Worth $4 Million, Stolen in Berlin Museum Heist

Gold SeekPublished: Tuesday, 28 March 2017

– Gold coin called ‘Million Dollar Gold Coin’ or ‘Big Maple Leaf’ stolen from Berlin museum early on Monday
– World’s purest gold coin and in the Guinness Book of Records for its purity of 99999 fine gold
– Gold coin was legal tender, investment grade, bullion coin and only 7 other coins were minted
– The other ‘Million Dollar Gold Coin’ is still available for sale by GoldCore safely stored in vaults in Ottawa

– Royal Canadian Mint minted the gold coin in 2007 and carries imprint of Queen Elizabeth II
– Like all bullion coins, is worth much more than its legal tender value
– Gold should be stored in secure vaults, in safe jurisdictions such as Singapore, Hong Kong and Zurich

Million Dollar Coin Mounties

When debating whether or not gold has value or not, the naysayers will often argue that it is a “pet rock” and just a shiny, heavy, cumbersome piece of yellow metal that has no “intrinsic” value.

Ignoring the fact that the majority of humanity still know that gold remains great valued. Even daring thieves realise the value of gold and will go to great lengths to get their hands on it.

Yesterday morning German police received a call from Berlin’s Bode Museum saying that one of the ‘Big Maple Leaf’ coins had been stolen over the weekend.

  • Face Value: $1,000,000
  • Composition: 99999 fine gold
  • Weight (troy oz): 3,215
  • Weight (kg): 100
  • Coins in Existence Worldwide: 5
  • Coins Currently for Sale Worldwide: 1 (Now maybe 2)

Despite the massive size of the gold coin and huge weight – Insider's Guide to gold and silverit wasn’t too big for thieves and they were more than happy to relieve the Berlin musuem of one of the their prized possessions.

The museum houses one of the world’s largest coin collections, with about 102,000 coins from ancient Greece and about 50,000 Roman coins, so why did they single out this particular one?

World’s purest gold coin as “big as a tyre” and one of just seven

The gold coin, issued in 2007, by the Royal Canadian Mint is about as big as a tyre. The 53cm across and 3cm thick coin weighs nearly 100 kilos (221-pounds or 3,215 t.oz). It is made of 99.999% pure gold bullion and is this one of the purest gold coins according to the Guinness Book of Records.

Given the vast size and weight of the coin, this clearly was not an opportunistic theft. Reports state that the alarm system was circumnavigated and a ladder onto a nearby rail track was also found. It would want to be a very strong ladder !

Police shut down the local transport system in order to comb for clues. Whilst this is a crime and one that can never be condoned, it serves a great purpose in showing that gold remains greatly valued and highly coveted and perhaps more importantly of the vital importance of owning gold coins and bars in secure vaults in the safest jurisdictions.

?width=630&version=3309409

They don’t want the coin

The coin is arguably a collector’s item, but it is unlikely that this is why it was stolen. Thieves had easy access to a 100kg of gold at the highly technical purity of 99.999%. When asked what the thieves would do with the coin, a police spokesman Die Welt: “Either they were hired to do it by someone who wanted to have the coin, but it’s more likely that it will be melted down.”

One of the many reasons we like gold as money is because of its divisibility. It can be melted down, broken into smaller parts. Those smaller parts retain the value of the gold it contains, unlike a diamond which is worth more as a whole rather than broken into fragments.

Gold can be broken up many times over, no matter it’s appearance, it will always be worth the same whether apart or melted into one bar or coin.
PHYS01_Animated_Gif_2_MPU
The coin with the poker face

The thieves may be keen to melt it down not just because it will make it easier to transport and resell, but because they know that it’s still worth something despite losing it’s current appearance. The face value of the Big Maple Leaf reads CAD 1 million, it is in reality worth around €3.7m, £3.2m or $4m given the value of the total gold content.

We recently wrote about how collectible gold coins should be likely avoided in the majority of situations due to their face value (and later resale value) failing to reflect the underlying metal content or purchase price.

Some mints or private minting companies have a habit of churning out collector coin sets that commemorate certain events or series.

But this is where this gold coin bucks the trend. As explained above, the coin might have a face value of 1 million Canadian dollars, but in truth it is worth significantly more than that, and it has become more valuable (due to its gold content) since it was minted in 2010.

We’re used to the actual value of money not being what we’re told it is according to its face, but it’s rare that the real value exceeds that face value. The 100 kg of the purest minted gold, is worth several multiples of 1 million Canadian dollars legal tender, but the provenance of the coin also contributes significant value to it.

Will you get your hands on the ‘Million Dollar’ Big Maple Leaf?

There are legitimate ways to own the Big Maple Leaf, in fact there are four more versions of the coin excluding the one that is no doubt on it’s way to be melted down. However there is only one that is for sale.

A year ago GoldCore announced that we had been given the exclusive rights in the UK and Ireland, to sell one of the five Big Maple Leaf coins. It is the only one that is currently for sale, in the world.

As we explained at the time, owning one of the extremely rare Big Maple Leaf is the opportunity to own a piece of history. It is a unique opportunity to own not only something is rare in its existence but is “It is a collector’s item and commands a premium both for its gold bullion content but also for being incredibly rare.”

New Call-to-action

Don’t store your gold in a public place

Whilst this escapade is another example of how gold is money, the main lesson of this is that this amount of gold should not be stored anywhere other than a secure vault in one of the safest jurisdictions.

Very few vaults meet this criteria. Loomis International and Brinks vaults as offered by GoldCore’s partners in secure locations including Switzerland, Singapore and Hong Kong are some of the safest vaults in the world, provided the coins and bars are owned in allocated and segregated storage.

Unlike the Berlin-based museum, the gold bullion you store with GoldCore isn’t there because of a need to show it off and to allow people to admire it. Allocated and segregated coins and bars are fully insured and owned in the name of the client who have outright legal ownership.

Gold is a safe haven asset but only if held in a safe haven manner. It is locked away in the safest vaults to keep it safe and so it is there when you need it to protect your wealth.

Owning the financial insurance that is physical gold is important in these uncertain times.

Owning gold has protected people throughout history and again in recent years. Bail-ins as seen in Cyprus and now enacted in the EU, UK and U.S. may see deposits confiscated in the same manner that the Berlin thieves ‘confiscated’ the gold coin yesterday.

 

Categories
Blog

Our ‘Director’s Pick’ explained

Here at Physical Gold weve introduced an incredibly simple product, specifically designed to help you, by taking the stress out of choosing the right coins.
If youve ever thought about investing in physical gold or buying gold online, you might have some questions, or you might be apprehensive because you dont quite know what to buy. If so, youre not alone.

Enhanced performance UK Tax-free coins

Called The Directors Pick, we scour the market to source Royal Mint issued, pre-owned, UK tax-free coins, and carefully hand pick a mixed portfolio of these Enhanced Performance coins especially for you. With our extensive network and buying power we can secure coins from sellers, auctions and the intermediary market. So you benefit from our years of specialist experience and expertise, at absolutely no extra cost.
These pre-owned Enhanced Performance coins have an additional intrinsic value, over and above that of their gold content; reflecting their added desirability and scarcity. This added value enhances the coins market value when the gold market rises and offers added protection when the market falls – providing the best overall value and reassurance if youre just starting out or if youre looking to own a collection of tax-efficient gold coins.


Find out how to sell gold coins at the highest price. Download our FREE cheat sheet


Why is our Directors Pick so popular with physical gold investors?

This is a popular product because we specialise and focus on UK gold coins that are

New Call-to-action

VAT-exempt and Capital Gains Tax free. This is due to their legal tender status, which means theres no tax due on any gains made. We select high performing gold coins that offer diversity as well as security on your other assets.
Hand picked, guaranteed by our experts and tailored to your needs, the Directors Pick is designed to help you get started with your gold coin collection. Were also happy to explain the gold buying process, the economics behind the price of gold and even help you open a Monthly Saver account, if youre interested in regular monthly savings.
So, whether you want your gold delivered right to your door, or stored in one of our secure storage vaults, our Directors Pick gold product provides you with high quality gold coins and specialist expertise, all focused on helping you build your gold coin portfolio quickly, easily and stress free.
With prices starting as low as 2,000 for the Directors Pick, we can create a package to suit your needs and budget.
Visit us at www.physicalgold.com/shop/tax-free-gold/directors-pick to see how easy buying gold online can be!

Categories
Industry News

World Gold Council – Indian Gold Demand

World Gold Council8 Mar 2017

Market update:
Indian gold demand will recover from 2016 lows

Last year Indian demand fell to it is lowest level since 2009, rocked by a barrage of policy initiatives and a soaring gold price. But the outlook is better – we expect Indian demand to be between 650-750t in 2017.

 

A barrage of policy initiatives, aimed at purging India of black money and instilling greater transparency, have rocked the country’s economy, including its gold market.

The most dramatic was the radical decision to demonetise over Rs15 trillion, equivalent to US$220bn. Other policies – such as the re-introduction of excise duty – also affected the gold market. And the forthcoming Goods & Service Tax (GST) will change the shape of the industry. It’s clear that India’s gold market faces short-term headwinds. But looking ahead, these policies promise to deliver a stronger and more transparent economy. This will support gold demand, which we expect to be between 650-750t in 2017.PHYS01_Animated_Gif_2_MPU

Categories
Blog

Silver demand. Why it’s increasing

Silver demand

Facebook

Demand for silver

With so much talk about gold as a valuable investment commodity, we often forget about another precious metal that has proven its worth in the same markets. That metal is silver and the demand for it, as an investment and as an industrial material, is increasing more and more. From jewellery to smartphones, solar panels, solders and more, silver is becoming the rising star of many global markets. Many investors are even adding silver bars and coins to their investment portfolios.

So, just what are the factors causing the renewed interest and increased value of silver? With the continued shift towards smaller mobile devices and the growth of smartphones in developing countries, silver is becoming more widely used throughout the electronics industry.


Thinking of buying silver? Download the 7 step cheat sheet to sucessful silver investing first


Silver in Technology

As technology develops and more uses for silver are discovered, more silver will be needed in

PHYS01_Animated_Gif_2_MPU
the manufacturing process. According to data compiled by GFMS for the Washington-based Silver Institute, almost half of global silver consumption came from uses such as mobile phones, flat-panel TVs, solar panels and alloys and solders in 2016. This number is expected to increase as the need for more advanced electronics are developed, propelling silver demand skywards.

Silver Supply

Another factor that is contributing to the increased value of silver is the limited supply and the fact that we could possibly see a silver shortage soon.  Above ground silver supplies are expected to plateau and there’s a shortfall of mined silver available. Pit these against the physical demand for silver and it’s possible we’ll see prices begin to skyrocket very soon.

But will these high silver prices remain constant, or will silver become as volatile as gold? Historically, silver has always remained a consistently valued precious metal for investors. As demand increases and prices rise, it’s expected to stay that way for the long term with little to no loss.

 Are you looking to add silver to your investment portfolio? Contact Physical Gold today and let one of our team help you understand why silver could be the next gold.

Facebook