France will once again issue solid gold coins for investment, for the first time in over a century, at a time when gold is becoming increasingly sought after amid geopolitical tensions and global economic uncertainties.
The Paris Mint has announced the launch of the new „Marianne d’or” coins, inspired by the symbol of the French Republic and aimed directly at investors seeking assets considered safe, writes Euronews.
The last French gold coins produced for investment were the famous "Napoleon" coins, manufactured between 1803 and 1914.
Now, for the first time in over 100 years, France is attempting to re-enter the global gold investment market currently dominated by coins such as Krugerrand, Maple Leaf, or American Gold Eagle.
The new coins will be available from June 16, in four variants, ranging from 3.1 grams to a full ounce of gold.
One side will feature Marianne, the symbolic figure of the French Republic, while the other will display a map of French territories.
Gold is on the rise - over 65% increase
Paris's decision comes at a time when gold is experiencing one of the strongest growth periods in recent years.
The price of the precious metal has surged amid conflicts in the Middle East, global trade tensions, and fears of a slowdown in the global economy.
According to Euronews, gold is currently trading at around $4,600 per ounce, following a growth of over 65% last year.
In times of economic or geopolitical instability, investors often seek refuge in gold. The precious metal is considered one of the safest financial assets.
Marc Schwartz, Director of the Paris Mint, says the project's objective is "democratizing the gold market" in France.
The institution will also launch a digital version called "e-Marianne," through which buyers will be able to own gold without physically keeping it at home. The coins will be securely stored by the mint until the owner decides to sell them.
The increasing demand for gold is one of the most significant economic signals in recent years.
More and more investors prefer stable assets over volatile markets such as technology, cryptocurrencies, or stocks.
At the same time, several central banks around the world have significantly increased their gold reserves in the past two years, in a period marked by wars, inflation, and tensions among major powers.