February 18th, 2010
Today’s spiking gold spot price came as a surprise to many of us, mainly because gold had reached $1100 per ounce again and all the technical indicators pointed to a sell-off on behalf of profit-takers. However, now that gold has again broken the $1100 barrier and not fallen, most of the experts I’ve talked to believe we could see gold stabilize in the $1150-$1175 range over the short-term. Analysts at bank of America have upped their expectations from gold, and they believe it will rise to $1130-$1160 in a very short time.
We can’t be sure that these prices will materialize, but consider the following factors:
- Our government plans to authorize continued debt ceiling increases throughout 2010, as they did nine times last year and over 120 times since this “limit” was originally put into place decades ago.
- The dollar’s recent surge has been pared by losses to other major currencies this week, and gold has responded as the ultimate currency lately. Fear of dollar insolvency and overall uncertainty by American consumers has boosted gold prices while deflating stock values and driving investors away from real estate purchases.
- The average gold price forecast for 2010 is about $1400, and the majority of mainstream forecasts fall between $1357 and $1698. Keep in mind that most of last year’s predictions fell far short of the $1226 per ounce that gold climbed to in December.
The spiking gold spot price has been a signal to many to jump back into the market before levels rise further, because the next plateau for gold might be well above the current $1118 per ounce that is reported at www.COMEX.com right now. Get live spot prices and historical data for gold, silver, and platinum right here at GoldPrice.net around the clock.
Tags: Climbing Gold Spot Price, Spiking Gold Spot Price, Surging Gold Spot Price
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February 16th, 2010
Recent gold spot price volatility has some investors worried, both investors in the gold market and those who have not yet taken a position with physical possession gold. After a month-long climb that started on November 3, gold topped out at $1226 in mid-December and started to slide. Gold fell as low as $1062 per ounce on the COMEX division of the New York Mercantile Exchange last month, thanks to a powerful US dollar that cramped growth in all US-based commodities. However, as many analysts have noted in the past two weeks, the recent gold spot price volatility should not be seen as a sign that gold’s current cycle is over, or that the United States economy is on some sort of magical fast-track to recovery.
No investment ever moves in a straight line (up or down) unless a company declares bankruptcy or something else unforeseen occurs. For example, last year a popular gold exchange traded fund (ETF) was performing quite well until an unexpected audit of gold in the company’s vault was performed. It was then revealed that the company did not own the amount of gold it claimed to own, and shares in this ETF subsequently plummeted and never recovered. However, this type of free-falling movement is the exception rather than the rule in investing, and you would be hard pressed to find ANYONE who believes that gold will soon drop to zero. After all, this hasn’t happened in any of the last 5000 years and most economists agree that even if the gold spot price drops significantly, there will always be people who need gold in one form or another.
If the recent gold spot price volatility tells us anything, it’s that our economy and US citizens are in a very unsure state. Gold has been constant over the years, rising and falling in value but remaining worthwhile in the eyes of humanity. The same cannot be said about fiat paper money and unstable corporations. Get the facts on the gold price every day at GoldPrice.net, and don’t fall into the trap of thinking everything in our economy is rosy as the greenback bandwagon would have you believe.
Vic Fox
Tags: Gold Price, Gold Spot Price
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February 11th, 2010
Experienced investors know that gold bullion prices generally hover slightly above the current gold spot price, which represents the cost of one troy-ounce of pure gold. Novice investors must be mindful that the gold spot price fluctuates several times an hour, and that bullion prices are never equal to the current spot price. Each precious metal dealer has its’ own buy and sell spread, which means that gold bullion prices can (and do) vary, depending upon the particular dealer. Research is how prospective buyers maintain their power over predatorily-minded gold dealers, who often times mark up their retail prices to capitalize on the blissful ignorance of less researched investors.
Some investors like to use evening hours to track gold bullion prices out of London, which can be found on the Internet on websites like www.lbma.org.uk, which links to the London Bullion Market Association, or www.thebulliondesk.com, for further research.
Since bullion is completely devoid of numismatic value, it is generally used as either a short-term profit vehicle, or as a diversification for far more costly rare coin investments, which are optimally used for long-term financial protection. An increasingly popular third option for bullion investing is opening a government-approved, gold-backed IRA, which doesn’t permit rare coins, but rather uses bullion’s affordability to sustain long-term financial safety.
Investors with questions about bullion IRAs, are encouraged to contact one of our friendly specialists, who can facilitate a precious metal IRA, and who also offer institutional discounts on bullion bars and coins to household investors like you.
Vic Fox
Tags: Bullion Prices, Gold Bullion Prices, Gold Coin Prices
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February 10th, 2010
In basic terms, the current gold market price (also known as the current gold “spot price”) is a strong economic indicator for the overall well being of our nation’s economy. Historically, dollar values and gold prices generally behave oppositely of one another, which is logical, since gold is what backs the value of printed currency in the first place. There is a great deal of global speculation over the U.S. dollar, and although it occasionally is revived by a stimulus package here, or a bit of international crisis there, investors won’t return to the Wall Street market with their former zeal, until (if ever) a tangible plan for economic recovery is implemented.
While the powers that be continue to quibble over the latest “quick fix” economic solution, independent minded investors have been monitoring the current gold market price, and diversifying their wealth between physical holdings in bullion, and certified rare gold coin. Each investor needs to carefully and honestly evaluate his or her own, specific needs and expectations to arrive at the ideal diversification, but many of today’s individuals are prioritizing for their long-term financial security.
Ideally, those who wish to protect their wealth over the long-term purchase certified rare gold coins, because their inherent numismatic value has tremendous potential for appreciation, especially throughout economic recessions like the one we’re presently facing. Bullion is used as a short-term diversification, because its’ prices hover slightly above the current gold spot price, and because it can be easily liquidated in small increments, if necessary.
Investors are encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on bullion, and rare gold coin to household investors like you.
Vic Fox
Tags: Current Gold Market Price, Latest Gold Market Price, Today Gold Market Price
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February 9th, 2010
In order for investors to assure that he or she is receiving a fair and reasonable gold price quote, they must be affiliated with the current gold spot price, which represents the cost of one troy-ounce of pure gold. Bullion investors know to be very stealthy about the spot price, as prices for bullion bars and coins are only slightly more costly. These facts, and the fact that bullion has no numismatic value, are the reasons why prospective bullion investors would expect a gold price quote that adheres to the current spot price. Since the spot price fluctuates several times an hour (according to global demand for gold), bullion investors generally use bars and/or coins as short-term profit vehicles.
Bullion is also used to diversify far more costly rare coin holdings, which are among the highest regarded vehicles for wealth protection, and potential growth. Rare coin investing commands prices that are much higher than the current spot price, so more research is required to arrive at a workable gold price quote.
The Red Book is a commonly used, comprehensive publication on retail coin prices, but prospective long-term buyers are also encouraged to resource the Internet for a reputable, large-volume precious metals exchange, for a more timely quote on rare coins like Double Eagles, which are $20 Lady Liberty, and $20 Saint Gaudens, 22-karat, rare gold coins.
Resourceful investors can avoid paying extortive retail prices for their bullion, and Double Eagle rare coin by contacting one of our friendly specialists, who offer institutional discounts on these, and many other gold coins to household investors like you.
Vic Fox
Tags: Gold Price, Gold Price Quote
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February 8th, 2010
Gold bullion prices generally hover slightly above the current gold spot price, but prices for 24-karat, one-ounce bars are closer to that price than bullion coins, which are not only far more intricately minted, they are also minted in both 22, and 24-karat purity.
The gold spot price represents the cost of one troy-ounce of pure gold, which is why modern bullion coins generally contain that exact amount of the precious metal. The gold spot price fluctuates regularly each hour, according to global demand, which is why short-term investors use bullion as a potential profit vehicle. Gold bullion prices naturally are higher for 24-karat coin purity than for 22-karat fineness, and American Eagle bullion coins are the only such 22-karat coins that are U.S. government-approved for gold-backed IRA storage.
Precious metal IRAs are a viable option for long-term investors, who cannot afford rare gold coin prices. Rare coins aren’t permitted for precious metal IRA storage anyway, and since bullion is completely devoid of the numismatic value that makes rare coins so costly, it makes sense for investors to capitalize on bullion’s affordability for their long-term security.
Prospective buyers who are interested in opening a gold-backed IRA, are encouraged to contact a reputable, large-volume precious metals exchange, with an A, or better approval from the Better Business Bureau. These exchanges are staffed with experienced specialists, who can help each investor customize his or her own government-approved, gold-backed IRA, and answer any questions that may concern them.
Those who have completed their research are encouraged to contact one of our friendly specialists, who offer institutional discounts on bullion bars and coins to household investors like you.
Vic Fox
Tags: Bullion Prices, Gold Bullion Prices, Gold Prices
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February 5th, 2010
Interpreting gold coin prices requires a bit of fundamental knowledge, so prospective buyers are encouraged to research the various benefits of investing in both bullion, and rare gold coin. Most experienced investors generally recommend a diversified balance between the two types of gold coin, with rare coins being used for long-term financial protection and security, and bullion coin being used as either a short-term diversification, or as a potential short-term profit vehicle.
Rare gold coin prices are so high because rare coins possess numismatic value, which has the potential for dramatic appreciation during long-term economic recessions. It is wise to officially certify the numismatic value of rare gold coins like Double Eagles, and only the PCGS (Professional Coin Grading Service), or the NGC (Numismatic Guaranty Corporation) should be trusted for numismatic certification. Normal holding periods for these long-term, numismatic rarities are a minimum of fourteen months or so, which is why investors must be sure of their financial needs, before committing to any precious metal investment.
Gold coin prices for bullion coins generally hover slightly above the current gold spot price, and bullion coin prices are also determinate on whether a bullion coin possesses 22, or 24-karat purity. Naturally, 24-karat purity commands slightly higher premiums, but this choice is matter of personal preference.
Resourceful investors can avoid paying sky-high retail prices for their bullion, and certified rare gold coin by contacting one of our friendly specialists, who offer institutional discounts on these coins to household investors like you.
Vic Fox
Tags: Coin Prices, Gold Coin Prices, Gold Prices
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February 4th, 2010
Experienced investors know that gold market prices are initially based on the current gold spot price, which represents the cost of one troy-ounce of pure gold. Bullion prices for one-ounce bars hover closest to the gold spot price, with 22, and 24-karat, one-ounce bullion coins carrying respectively higher premiums. Since bullion has no numismatic value, it carries the most affordable gold market prices, and is used as a short-term profit vehicle, as a diversification for far more costly rare gold coins like Double Eagles, or as government-approved, long-term, gold-backed IRA contributions. Precious metal IRAs are a popular long-term option among investors who cannot afford rare coin premiums, and interested parties are encouraged to resource a reputable precious metal exchange, for gold-backed IRA consultation.
Investors with the appropriate funds ideally purchase rare gold coins like the aforementioned Double Eagles, which carry rather lofty gold market prices, but are proven long-term investments for financial protection, and potential profit. Double Eagles are rare, $20 Lady Liberty, and $20 Saint Gaudens, 22-karat gold coins, and investors should only purchase either PCGS (Professional Coin Grading Service), or NGC (Numismatic Guaranty Corporation)-certified rare gold coins, as they generally fetch the best liquidation prices when the time comes.
To avoid prematurely liquidating certified rare gold coins, many investors diversify these long-term holdings with one-ounce, and/or ten-ounce bullion bars, or coins like 22-karat American Eagles, which are government-backed for their weight, and precious metal content.
Investors can avoid paying hair-raising retail prices for their bullion, and rare coin by contacting one of our friendly specialists, who offer institutional discounts on these, and many other items to household investors like you.
Jonathan Monroe
Tags: Gold Market Prices, Gold Market Values
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January 27th, 2010
The number of online certified coin prices that are offered is overwhelming, and unscrupulous gold dealers are preying upon that confusion, to overcharge impetuous “gold bugs”, who haven’t completed (much less started) their precious metals research.
Research is the only way to avoid paying lofty, online certified coin prices for bullion coins like 22-karat, American Eagles, and rare gold coins like Double Eagles, and this research should always originate with each investors evaluation of his or her own finances, and individual needs. A thorough and accurate evaluation will greatly aid investors in arriving in the proper diversification between bullion, and certified coin, as deemed by each investor’s specific requirements, and expectations.
Generally speaking, investors who wish to earn short-term gains invest in bullion like the aforementioned American Eagles, but these investors needn’t pay online certified coin prices for their bullion, since bullion coins possess no numismatic value, like rare coins do. Influencing unwary buyers into paying online certified coin prices for ordinary bullion is a sleazy, but vastly effective marketing ploy, which is why investors should arm themselves with as much precious metals information as possible.
Potential gold coin buyers are encouraged to search online for a reputable, large-volume, precious metals exchange, and to conduct a sufficient background check on any exchange that they are considering. Better Business Bureau recommendations with an A grade, or better, are optimal.
Investors can also avoid paying over marked retail prices for their gold bullion, and rare coin by contacting one of our friendly specialists, who offer institutional discounts on these, and many other gold coins to household investors like you.
Vic Fox
Tags: online certified coin prices
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January 20th, 2010
Prospective, and novice precious metals investors are forewarned to choose only the most reputable types of gold bullion bars for their long-term, and short-term needs. One-ounce, and/or ten-ounce gold bullion bars are commonly used as either diversifications for more costly rare coin holdings, or as long-term, U.S. government-approved, precious metal IRA contributions. Naturally, 24-karat purity is essential, so investors want to be sure to only purchase the types of gold bullion bars that carry reputable brand names, such as Credit Suisse, Engelhard, Johnson Matthey, and PAMP Suisse. These manufacturers also offer 1-kilo bars, as well as 1-gram, 2.5-gram, 5-gram, and 10-gram bullion bars, to round off most budgets.
The aforementioned, precious metal-backed IRAs are increasingly popular among baby boomers, who cannot afford the high prices that rare coin like Double Eagles command. These investors are protecting their wealth by taking possession of government-approved bullion bars, as well as an approved selection of bullion coinage. Since bullion possesses no numismatic value like rare coins have, bullion prices generally hover slightly above the current gold spot price, which represents the cost of one troy-ounce of pure gold.
Conversely, rare coins like the aforementioned Double Eagles, command much higher prices, and investors are encouraged to research the benefits of these rare coins’ numismatic value, and subsequent certification. These investors can also avoid paying exploitive retail prices for their various types of gold bullion bars and coins by contacting one of our friendly specialists, who offer institutional discounts on bullion, and rare gold coin to household investors like you.
Vic Fox
Tags: Gold Bullion Bars, Types Of Gold Bullion Bars
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