The wonderful new 2010 Proof Gold Sovereigns coin set has now been issued by the Royal Mint. It comes as a three coin box set containing a full proof sovereign, a proof half sovereign and a proof quarter sovereign coin.

The Sovereign set comes with a full Certificate Of Authenticity which will be individually numbered and signed by the Royal Mint chief executive no less.

The three proof gold sovereigns all feature St George and the dragon which has been designed by Benedetto Pistrucci. He is said to have been one of the finest engravers to have ever been associated with the mint. The obverse features the renowned portrait of the Queen designed by Ian Rank-Broadley FRBS.

The proof full Sovereign is struck from 22k gold and has a diameter: 22.05mm and weight: 7.98 Grams. The proof half sovereign is also struck from 22k gold and has a diameter: 19.30mm and weight: 3.99 Grams. Finally the proof quarter sovereign is again 22k gold with a diameter: 13.5mm and weight: 2 Grams.

UK 2010 GOLD PROOF SOVEREIGN 3 COIN SET BOXED    £550.00

2010 SOVEREIGN SOLID 22K GOLD PROOF 5 COIN SET BOX COA    £2,499.95

Mike Maloney Owns 90% silver and 10% gold because he expects silver to take off more than gold. He said in the next 18 months he thinks silver will be selling for $20 or even $30 an ounce and $100 is a no brainer for silver later down the road. He also thinks hyper-inflation is way down the road. In the 80’s only 10% of the worlds population could participate in the gold market but now the whole world could participate in the precious metals market. If silver was to reach the $100 mark then the value of a 1oz silver britannia could be as high as £80-£100. Mike Maloney is the author of the Rich Dad's Advisors Guide To Investing In Gold & Silver

Gerald Celente Owns 80% gold and 20% cash and out of his cash half is dollars half is Euros. He is a trend forecaster, so he only calls trends he can predict so he is very confident we’re going to see gold reaching $2000, that is why he has gold priced.  When asked about silver he said he couldn’t really predict silver so he’s only staying with things he can predict. Obviously a huge part of his success he has to be able to predict things so he sticks with things he can predict better.  I think silver is much harder to predict. If gold was to reach $2000 then the value of gold sovereigns could be over £500 each.

Damon Vickers said stick with the strongest market which is gold. This analogy was like the dot.com boom, if you stuck with the strongest companies like google you did the best. 

Now Eric Sprat, in his portfolio, is 70% precious metals but he has more silver than gold. He thinks silver has more potential than gold.

When you are buying Gold Sovereigns make discussions centered on your own needs. There is no one formula for everyone. In my opinion the money vector of gold is currently stronger than the money vector of silver and the commodity portion of silver is stronger than the commodity portion of gold. That being said, the money vector of silver has more potential than the money vector of gold but the central banks don’t settle in silver, they settle in gold.

Here are some things to consider. You have to consider things like risk, when do you plan on selling or moving the money. First, if you plan on moving, the things that are easiest to carry tend to have the most dense value like gold and platinum are the smallest. So if you want to buy a whole bunch of precious metals and you plan on moving soon, big bulky silver is hard to transport around. If you wanted to go across the border you don’t want several suit cases of silver, assuming you have that much money to invest, you’d rather have a small chunk of gold.

Another thing to consider is when do you need the money? When do you plan on cashing in? Do you want to hold your gold sovereigns for a long time or a shorter time? For example, if you had all your wealth in precious metals but you have to keep constantly selling. Well gold holds up better in a down turn, silver on the other hand has more long term potential, so I think if you have to be liquid sooner than later you’re better you may be better off getting into gold sovereigns first and 1oz silver bullion coins second.

But I think the most important thing is the risk factor, the first thing is financial risk. Do you want to have a higher reward in a higher risk or do you want to have a smaller risk and a slightly smaller reward. In my opinion silver has a much higher reward potential than gold but it has a higher risk potential because when the market pulls back, silver pulls back much more than gold does.

For silver to really explode in value a few events have to happen more than gold. For gold to explode in value nothing really has to happen, gold’s already up there. But for silver some events have to happen to really take it up there. A lot of people believe that so its really a matter of risk and reward, if you want to get the bigger gains, buying silver and 1oz britannia coins has more potential but more risk. That being said, after silver I think the third precious metal is platinum,

I think silver has a higher risk than gold sovereigns,  I think palladium has an even higher risk than that. But with platinum and palladium those are really unknowns because there’s really is no money factor, if there’s new technologies created that use these they could really explode so that’s my opinion. 

Another thing to consider is counterfeiting risk, if counterfeiting risk is your biggest fear then in my opinion platinum is the best metal to have because I don’t think there is any platinum that is counterfeited and the best thing about platinum is that it is so dense that you can’t put any metal in there to fake the density test.

With gold sovereigns, even though tungsten is hard to use, the gold tungsten could be fooled but with a platinum coin or bullion the only things that you could put in platinum are very rare and there’s no real incentive, so I think that platinum is the safest bullion.

The next is either gold, silver or palladium. With palladium no one knows about it but palladium is less dense than gold. I think silver is much less likely to be counterfeited than gold because at this point the price just isn’t high enough to make it worth their while.

Finally there is political risk, gold has the highest political risk because it’s the monitory metal and its already been confiscated in the past. Silver has the least political risk. If political risk is your concern I think platinum and palladium are the least political risk because no one seems to care about them as investment right now and  they’ve never been confiscated.

Just think, back in the gold rush of the 1800's people took extreme chances on finding something that was only heresy and had little rock hard evidence of its existence. Today we have technology that enables us to find where gold most likely is. There is more research going on to find gold in mass quantities and less fooling around and digging in the dirt.

Companies such as Cannon Exploration Inc. are using their advanced technologies to find gold in Canada. On the 14th of April 2010 they even confirmed through their samples of the soil that there is indeed gold on their property. Imagine investing in a company such as this. Right now their shares cost only $0.0018. When this company hits big their shares could easily be $3.00. If you bought 100,000 shares for $180, and the stock increased by over 16000%. you would have a profit of $300,000. This is just a low estimate at that.

It is predicated that the gold value for the second quarter of 2010 will reach over £775,00 or $1,200 per ounce. Even if you were to invest in the bigger companies that sell their shares for £750,00 or $1160 you can easily expect to make a profit, considering the rising price for gold. If you like owning genuine gold, if you enjoy been able to hold it in you hand and feel the weight of your gold then it is far better to invest in half sovereigns, full sovereigns or gold bullion coins.

Hopefully the crash of 2007 will be nothing more than a faint memory. The economy is picking its self up off the ground and brushing off the dust, now is the time to invest! It does not matter if your a longer term investor or simply a coin collector, gold sovereigns are always a good investment. The price of gold has never gone down (and is very unlikely to ever go down) because there is a limited supply, it is a practical item, a great way to store wealth and a highly used material in many electronics.

We know that in recent news some European countries (especially Greece) have suffered from the effects of near bankruptcy. Greece was bailed out by it's neighbours, but this naturally has caused problems in the Euro currency. Needless to say, the value of the Euro has fallen somewhat because of these bankruptcy worries, and thus the value of gold has increased. That is the typical rule with gold, when a currency decreases in value or if inflation is roaring,

Also in the news as of late is a sad story that a gold mine tunnel collapse has killed one and injured another in Barangay Cauyunan this past week. Stories like this tend to have a minimal impact on the actual value of gold, but they do effect the company or companies involved with that particular mine. If that mine was a big producer of gold then the actual price of gold coins might be effected as well. In those types of situations however, it is more important to remember the human tragedy then to worry about the potential profits.

Lastly we know that the markets around the world appear to be stabilizing. This in itself is not necessarily an indicator for gold Sovereign investments, but it might have some long term impact. If the economy continues to recover, and in the long term we see inflation, then the value of gold bullion may well begin to climb again.