The price of gold increased by 6% during the third quarter of 2010, as reported by US Mint. This surge stemmed from the increased demand of bullion gold and gold coin of 5% in September. The US dollar’s decline also boosted gold investment. Hedge funds also played a part in boosting the gold coins’ prices. It was suggested that the US Mint had trouble keeping up with the production of gold coins and bullion gold due to the increasing gold demand. The 24-karat American Gold Buffalo and the Canadian Gold Maple Leaf coins were the market’s favorite for the third quarter. Understanding … [Read more...]
Buy American Eagle Gold
The American Gold Eagle has various benefits and features making it very popular not just within the U.S but around the world. The fact that it comes in different sizes and weights makes it affordable for everyone who is interested in buying and owning gold. The main features of the bullion coin include a front side beautiful design of the double eagle that was famed in 1907. This design was taken from Augustus Saint-Gaudens, the sculptor. The design portrays Lady Liberty walking towards the viewer with beams and rays of sun all around her from the back side. The back side of the coin has … [Read more...]
Gold Bullion and Credit Cards
Gold and credit cards have the same purpose and powers and can be considered very different from other forms of money. They both symbolize wealth status of individuals but can be very risky, especially with lack of discipline and responsibility. Apart from destroying wealth, credit cards have reduced a number of Americans into paupers because of misuse. The excessive credit limits coming with the cards can be very tempting, hence leading to misuse of the funds even in ways that are not necessary. Americans and debts The one thing that credit cards have done is thrown Americans and the … [Read more...]
Numismatic Gold Coins or Bullion Gold Coins?
After the monetary stimulus plan was announced by the Federal Reserve to boost the economy, the US bullion prices jumped to a new high at above $1,380 per ounce on November 4, 2010. During this time, investors have turned more towards gold bullion rather than numismatic gold coins. This is true despite the fact that numismatic gold coins have a rare value have sold at exceedingly high prices during auctions. Numismatic Gold Coins Numismatic gold coins are a collector’s joy because these are rare coins, often holding much historical significance that can enrich any coin collection. They … [Read more...]
Recent Comments