1/2 ounce Maple Leaf
The 1/2 oz Maple Leaf Gold Coin is a high-purity bullion coin produced by the Royal Canadian Mint. Made from 99.99% pure gold, it features the iconic maple leaf design on the reverse and a portrait of Queen Elizabeth II in this case. With a face value of 20 Canadian dollars, it’s a trusted investment piece known for its quality, security features, and global recognition.
Why I am selling
I bought this coin about 9 years ago when Gold was trading at about $1100 per ounce. Today Gold is at about $3450, which is a 3x. For me this is time to sell. +200% within less than a decade is a great return for this asset. Gold price has had a great run, especially the past two years.
Another reason for wanting to cash in the profit is, that I do not expect Gold to run like this much further. The price is going parabolic now and that is a sign of oveeheating. Be cautious when others are greedy is Buffetts Evergreen and it applies here as well. A correction is getting more and more likely imo and this could lead to much lower prices over the coming 1-3 years.