The golden phoenix is returning to the market as investors look for a safe place to store their cash.

    Photo: Jason South/AAP The golden glooms is a bullion bullion coin minted in 1783 by James A. Johnson, the American statesman.

    A year later, in 1784, the coin was replaced by a coin minting company owned by the future president, James Monroe.

    The new coin, known as the American gold standard, was worth about $1,000 in today’s money.

    The gold standard’s return was heralded by President Andrew Jackson as the start of a “gold rush”.

    But as the years went by, it became clear the gold standard was unsustainable, and in 1819, the United States joined the British Empire and was formally an independent nation.

    The first gold coins produced by the United Kingdom in the 19th century, the silver coins were made by the British mint in the town of Silverwater, and they were later minted by the French mint in Paris.

    The British were so keen to get a foothold in the market that they produced about 1,000 gold and silver coins for sale.

    That’s more than a quarter of the coins in circulation today.

    Today, there are about 1.2 million silver coins in the US, and about 1 million gold coins, worth about 2 cents each.

    The price of gold rose by about 8 per cent in the decade from 2000 to 2011, but it has since fallen by more than 30 per cent, falling to around $US1,500 per ounce in October.

    With the golden phaze, gold investors have a safe way to store some of their gold, which is also available for a fraction of the price.

    And as gold prices are high, that’s a very good thing, said Peter Johnson, director of the Gold Investment Trust at UBS.

    “It’s the best of both worlds.

    You can buy gold with a relatively small amount of cash, and you can invest in it in a way that is a little bit more attractive than buying gold directly,” Mr Johnson said.

    Gold is now worth about 5 per cent of the value of the S&P 500 index.

    It was worth just over 5 per and a half per cent on October 23, according to the US government.

    The silver coins are also in demand as they are much cheaper than gold, and some investors may be tempted to buy them as a way to diversify their portfolio.

    Gold is worth $US5,500 ($7,838) per ounce, and silver is $US11,600 ($15,821).

    Investors are also taking advantage of the recent economic recovery, as prices have risen by more then 5 per so-called “bulls” over the last year, according the Commodity Futures Trading Commission.

    That has helped drive up prices, but also caused some losses for investors.

    Some investors are buying gold bullion for their retirement portfolios.

    “The bull market is good for gold investors,” said Ian MacKay, chief executive of Bullion Investor.

    “It’s going to give them a nice cushion to put in their retirement fund.”

    Gold and silver are both popular among Australians, but there is a growing interest in gold in Australia as well.

    More and more people are choosing to hold gold coins and silver bullion, which are traded on exchanges around the world, Mr Johnson pointed out.

    A year ago, only about 1 per cent and 1.5 per cent were holding gold bullions and silver, respectively, according on the ASX.

    “In a year or two, that number will increase dramatically,” Mr MacKay said.

    “We’re seeing people buy gold bullioned coins for retirement, and we’re seeing silver bullioned bullion being held as retirement funds.”

    One Australian investor, Chris O’Connor, is a gold bullioneer.

    He started selling gold coins to investors when he was 16 years old, and now he sells the coins to people he meets in bars and clubs.

    Mr O’Connors gold coin collection is currently valued at about $US2,500.

    He says he has a “very large” portfolio of gold bullional coins.

    In the end, he said, he is a believer in the gold bullION coin, which he has been keeping around since the mid-1980s.

    He said he is very happy to have been able to hold on to it.

    “[It’s] a lot of fun and an investment,” he said.

    “[It’s a] good way to spend your money and it’s a nice way to hold onto your gold.”