Buying Gold Coins

buffalo gold coin

There is an almost frenzy buying and selling of gold coins in the States nowadays as exemplified by the many new gold business companies. This is a good indication of the growing number of Americans who are interested in gold coins. The spokesperson for the World Gold Council mentioned that although gold recycling is very common in the Middle East and India, it is a relatively new practice in the West.  The third quarter report of WCG on gold for 2010 mentioned an increase in the West’s recycled gold supply in recent years accounting for about 41% global supply in 2009. An economics … [Read more...]

Buying Gold Coins: What You Should Know About Gold Prices

amercian gold eagle

Gold prices were rising as much as 6% in the third quarter of 2010 according to the US Mint; this rise could be due to the 5% rise in demand for gold coins and bullion coins. Another possible factor which caused the gold price to rise is the decline of the greenback. The currency value decline boosted gold investment; there was more demand for gold coins with a record currency figure. Hedge funds were also buying up more gold coins, which impacted the demand for gold. However, the US Mint seemed to experience difficulty with the gold coin production; especially the 24-karat American Buffalo … [Read more...]