The “Wiener Philharmoniker” is a well known Austrian coin. We got one as a gift from my husband’s grand aunt on our wedding day. At first, I thought it was just a commemorative coin but later, I learned that it is also made of 24 karats gold.
People buy such coins to invest their money on gold. Gold prices fluctuate constantly but that’s the good thing about it. When the financial crisis happened last year, the value of gold went down but many says that it was the best time to buy gold coins because when the economy picks up, the value of gold will also do so.
The value of gold moves alongside the value of Euro. It means that when the Euro is doing well against the US Dollar, which is the case for several weeks now, gold value will definitely climb up.
I wonder what’s the value of our Wiener Philharmoniker now? I don’t like to sell it (ever) but I am curious because if it’s really a very good investment, we might consider buying some of these coins.