Gold Price Mexico
Mexico is officially known as the United Mexican States, and the nation is located directly south of the U.S. Mexico is the sixth largest country in the Americas, covering some 760,000 square miles. It’s government is a federal republic, and the nation’s national language is Spanish. The capital of the country is Mexico City. The nation is one of the most populous on the globe, with a population around 120 million. The nation is divided into 31 states as well as a special federal entity that is also the capital and its most populous city.
The Mexican Peso is the official currency of Mexico. The peso is one of the most widely traded currencies in the world, and the most heavily traded currency originating from Latin America. Like many other major global currencies, the peso can be subdivided into 100 smaller units of currency called centavos. The peso is derived from the Spanish Dollar, and it is controlled and issued by the country’s central bank, the Bank of Mexico.
The Bank of Mexico is not only tasked with issuance and maintenance of the nation’s currency, but it is also in charge of price stability and is a lender of last resort. The bank is headquartered in the nation’s capital of Mexico City, and was established in 1925.
If you are looking to by gold in Mexico or just want to see current gold prices, you will likely see the metal quoted in the peso. Quotes may also be available in other key global currencies as well, such as Great British Pounds, euros, Japanese Yen or U.S. Dollars. Prices are typically quoted by the ounce, gram or kilo.
La Casa de Moneda de Mexico is the national mint of Mexico. It has a significant history, and also happens to be the oldest mint in the Americas. The mint falls under the jurisdiction of the Mexican Government, and was established almost 500 years ago in 1535.
The 1 Ounce Mexican Gold Libertad coin is a very popular gold bullion coin produced by the Mexican Mint. This bullion coin is a direct successor to the gold Centenario coins released from 1921 to 1947. The coin features design work that is highly symbolic of Mexico including Winged Victory and the Mexican coat of arms. The 1 ounce size contains 1 troy ounce of .999 percent fine gold. Other weights are also available, including 1/20th oz, 1/10th oz, ¼ ounce and ½ ounce. In addition, some proof versions may also be available.
These Mexican gold bullion coins can be a great addition to any portfolio or collection. There fractional weight sizes can also make these bullion coins relatively more affordable for investors on a tight budget.
Although gold bullion coins may carry higher premiums than gold bullion bars, they can make up an important part of a diversified metals portfolio. Gold coins are easily stored and transported, and a cost savings may be available when bought in bulk or in tubes.