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Posts Tagged ‘Gold Price’

American Gold Eagle Is On The Wing

Tuesday, April 6th, 2010

The American Gold Eagle is on the wing, maintaining its flight at higher heights. Its March performance is not yet officially out but early in the middle of the month the market was agog with the prospect that the Gold Eagle will make March the third best month ever for the American Gold Eagle. Mid-March sales reached almost 40,000. January sales reached 85,000 and February sales stood at 84,000.

The Gold Eagle is one of the most popular gold coins in the world and most sought after by collectors and investors. It is in 22 karats, 91.67% pure. It comes in four denominations: 1 troy oz. with $50 face valued, 1/2 troy oz. with $25 face value, 1/4 troy oz. with $10 face value and 1/10 troy oz. with $5 face value.

The Gold Eagle was introduced for circulation in 1986 some 33 years after the original Gold Eagle was pulled out of circulation. In the very first year 1,787,750 ounces were sold. The year 1986 is so far the third best year for the Gold Eagle, surpassed only by 1999 with 2,055,500 ounces sold and 1998 with 1,839,500 ounces.

There was no drama of significance during the first eight years of the decade 2000-2009. The drama suddenly came during the last two years. Sales in 2008 jumped to 860,000 ounces from 198,500 in 2007. Sales jumped further to 1,425,000 in 2009.

The 2009 sales consisted of 1 troy oz. 1,315,500; 1/2 troy oz. 110,000; 1/4 troy oz. 110,000; and 1/10 troy oz. 270,000.

YEAR SALES IN OUNCES YEARLY CHANGE (%)
2000 164,500 (3.28) -
2001 325,000 (6.48) 160,500 (97.57)
2002 315,000 (6.28) -10,000 (-3.08 )
2003 484,500 (9.65) 169,500 (53.81)
2004 536,000 (11.22) 51,500 (10.63)
2005 449,000 (8.95) -87,000 (-16.23)
2006 261,000 (5,20) -188,000 (-41.87)
2007 198,500 (3.95) -62,500 (-23.95)
2008 860,500 (17.14) 661,500 (233.25)
2009 1,425,000 (28,39) 564,500 (65.60)
TOTAL 5,019,000 (100) -
Ronald Stevens

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Gold Spot Price

Tuesday, 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

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Gold Price Quote

Tuesday, 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

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Gold Price

Monday, January 18th, 2010

It is difficult to argue that precious metals investing is a legitimate economic trend, as countless individuals have benefited from consistent gold price increases, since 2001. Experienced investors know that the gold price for any given investment-quality bar or coin is based on the “spot” gold price, which represents the cost of one troy-ounce of pure gold. Bullion items like 24-karat, one-ounce, and ten-ounce bullion bars, and coins like 22-karat American Eagles, carry premiums that hover slightly above the spot price, while rare gold coins like Double Eagles, command much higher prices. Double Eagle rare gold coins are widely considered to be superb long-term investments, and one-ounce, $50 face value, American Eagle bullion coins are globally popular short-term diversifications.

$20 Lady Liberty, and $20 Saint Gaudens, 22-karat rare gold coins are also commonly referred to as Double Eagles, and their numismatic value far surpasses that of their substantial precious metal content, which is nearly a full troy-ounce of pure gold. Numismatic value is notorious for long-term appreciation throughout unstable economic interims, so trend savvy investors are protecting this inherent value through official “mint state” certification. Only the PCGS (Professional Coin Grading Service), and/or the NGC (Numismatic Guaranty Corporation) are recommended for official numismatic certification, with mint state grades that range between 61, and 66.

As always, investors are advised to thoroughly evaluate their finances, and individual financial needs and expectations. These investors can also avoid paying felonious retail prices for their American Eagle bullion, and Double Eagle rare coin by contacting one of our friendly specialists, who offer institutional discounts on bullion, and rare coin to household investors like you.

Vic Fox

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Gold Price Quote

Friday, January 15th, 2010

Rather than paying the exploitive retail prices that local gold dealers charge for their American Eagle bullion, and Double Eagle rare coin, household investors can benefit substantially from a gold price quote from a reputable, large-volume precious metal exchange. These exchanges also offer institutional discounts on bullion bars with renowned brand names like Engelhard, Johnson Matthey, PAMP Suisse, and Credit Suisse, as well as various other bullion, and rare coins. Since these precious metals exchanges supply local gold dealers with their bars and coins, they can afford to offer discounts to financial institutions like banks and insurance companies, as well as to household investors like you.

The aforementioned Double Eagle coins are rare, $20 Lady Liberty, and $20 Saint Gaudens, 22-karat gold coins, and are highly coveted long-term investments for financial protection. Minimal research should reveal a much more amiable gold price quote from a reputable exchange, and their investment specialists can also assist buyers with recommendations that can customize their individual needs. Rare coins like $10 Eagles, $5 Half-Eagles, and $2.5 Quarter-Eagle coins are also used to round off long-term budgets, and diversifications in 22, and 24-karat bullion coins are also available. Prospective investors can get a reasonable gold price quote on such 24-karat bullion items as American Buffalos, as well as Canadian Maple Leafs, Chinese Pandas, Austrian Philharmonics, and Australian Kangaroos, Koalas, and Lunar coins. These investors are encouraged to complete their research, and then to contact one of our friendly specialists today.

Vic Fox

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Today’s Gold Price

Monday, January 11th, 2010

Today’s gold price is commonly known as the “spot price”, which represents the cost of one troy-ounce of pure gold. It fluctuates hourly, as demand for bullion, and rare coin around the world either increases, or wanes. Experienced investors know that today’s gold price is a direct reflection on the overall condition of our nation’s economy, as gold spot prices historically tend to rise when dollar values continue to drift in obscurity. This correlation makes sense, since it’s gold that backs the value of the U.S. dollar, along with every printed (or fiat) currency in existence.

A commonly used method of capitalizing on today’s gold price fluctuations is through bullion investments. Since bullion contains no numismatic value like rare coins do, the price of bullion bars and coins hovers slightly above the current gold spot price. 22-karat American Eagle, 22-karat bullion coins contain a full troy-ounce of pure gold, and our U.S. government backs their weight, and precious metal content. As stated, these coins are commonly used as short-term profit vehicles, but they are also popular diversifications for rare coins like Double Eagles, which are widely accepted as premier long-term precious metal investments.

$20 Lady Liberty, and $20 Saint Gaudens, 22-karat, rare gold coins are also commonly known as Double Eagles, and they contain almost a full troy-ounce of pure gold, along with even more coveted numismatic value. Investors are encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on American Eagle bullion, and Double Eagle rare gold coin, to household investors like you.

Vic Fox

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Pure Gold Price

Friday, January 8th, 2010

The pure gold price is also commonly known as the current gold “spot” price, which represents the cost of one troy-ounce of pure gold. Bullion bars are minted in 24-karat purity, and carry the lowest pure gold price in physical precious metals investing, due to the relative simplicity of their minting (compared to bullion coins), and their absence of numismatic value. Reputable brand names for bullion bars include PAMP Suisse, Credit Suisse, Engelhard, and Johnson Matthey, which are also available in ten-ounce, and even one-hundred-ounce denominations. These items are frequently used as short-term profit vehicles, or as short-term diversifications for far more costly rare coin investments.

Bullion buyers pay a slightly higher pure gold price for 24-karat bullion coins, but their incomparable beauty justifies the added expense for many household investors. 24-karat bullion coins like Canadian Maple Leafs are also offered in fractional denominations like ½-ounce, ¼-ounce, and 1/10-ounces, to round off a greater range of budgets. They too, can be used as short-term profit vehicles, but 24-karat bullion can also be used as a U.S. government-approved, gold-backed IRA contributions.

Investors who cannot afford rare coin premiums often use gold-backed IRAs, and this investment strategy is particularly popular among the nation’s baby boomers. Other 24-karat bullion coins include American Buffalos, Chinese Pandas, Australian Philharmonics, and Australian Kangaroos, Koalas, and Lunar coins. Investors are encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on bullion, and rare coin to household investors like you.

Vic Fox

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The Price Of Gold

Tuesday, January 5th, 2010

Experienced precious metals investors commonly refer to the price of gold as the gold “spot price”, which represents the cost of one troy ounce of pure gold at any given moment. These investors benefit by keeping abreast of this price, as it fluctuates hourly, according to global demand for gold. Short-term profit seekers generally purchase bullion coins like one-ounce American Eagle, 22-karat coins, because their full troy-ounce of pure gold is backed by the U.S. government, and because their prices hover just above the current gold spot price.

Since bullion possesses no numismatic value like rare coins do, its’ prices seldom vary far from the gold spot price. Conversely, rare coins like Double Eagles carry premiums that can range far above the current gold spot price, and this price increases along with their respective “mint state grades”, which designate their numismatic value.

Investment-quality rare gold coins like Double Eagles typically carry mint state grades that range between 61 and 66, out of a possible 70, so investors are encouraged to research the benefits of numismatic certification. Minimal research will reveal that investors tend to prefer to pay the price of gold coins that have been certified by either the PCGS (Professional Coin Grading Service), or the NGC (Numismatic Guaranty Corporation). These two rare coin-assaying companies are the most renowned experts in numismatic certification, and rare coins like Double Eagles that have been certified by either the PCGS, or NGC, receive preferential consideration among gold traders.

Double Eagles are $20 Lady Liberty, and $20 Saint Gaudens, 22-karat, rare gold coins, and investors can receive institutional discounts on these coins and many others, by contacting one of our friendly specialists today.

Vic Fox

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Price Of Gold

Thursday, December 24th, 2009

The price of gold bullion bars, coins, and rare coins, all originate with the current gold spot price, which represents the cost of one troy-ounce of pure gold. In a nutshell, bullion items like 22-karat American Eagle bullion coins, and 24-karat bullion bar brands like Engelhard, generally carry prices that hover a little bit above the current gold spot price, because bullion contains no “numismatic value”. This inherent value is what substantially separates the price of gold coins like Double Eagles, which are rare, 22-karat $20 Lady Liberty, and $20 Saint Gaudens, 22-karat gold coins, from their bullion counterparts. This inherent value is historically prone to exponentially appreciate throughout sluggish economic cycles, making them widely sought, long-term investments for financial safety.

The price of gold coins like certified Double Eagle coins increases as each coin’s “mint state grade”(which designates each coin’s numismatic value) increases. Typical investment-quality rare gold coins usually carry mint state grades that range between 61, and 66, out of a possible 70. Investors are sternly encouraged to avoid entrusting their costly, rare investments with any other rare coin numismatic assayer than either the PCGS (Professional Coin Grading Service), or the NGC (Numismatic Guaranty Corporation). Rare coin assayers of lesser-known stature generally receive secondary consideration from gold traders when the time comes to liquidate. As always, prospective investors are encouraged to complete their research. They are then encouraged to contact one of our friendly specialists, who offer institutional discounts on American Eagle bullion, and Double Eagle rare coin to household investors like you.

Vic Fox

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Gold Price

Wednesday, December 16th, 2009

Short-term bullion investors typically benefit from the ever-fluctuating gold price, as these independent minded individuals closely monitor these fluctuations along with other economic indicators. The gold price is also commonly referred to as the current gold “spot price”, which represents the cost of one troy-ounce of pure gold, and this price historically moves inversely to dollar values, which are another reliable economic indicator. A great many of today’s investors believe that our nation’s dollar is in for several years of agonizing devaluation, and these trend-savvy investors are diversifying between rare coin holdings and bullion, to customize their individual short-term and long-term financial needs and expectations.

Rare, Double Eagle coins are widely sought for their proven ability to withstand, and even flourish throughout the turbulent throes of a long-term cycle of dollar devaluation. Their numismatic value far exceeds that of their precious metal content (.9675 troy-ounces of pure gold), so it advisable to protect the inherent value of these coins with official “mint state grades”. Only the PCGS (Professional Coin Grading Service), and/or the NGC (Numismatic Guaranty Corporation) are recommended for reputable numismatic certification, as lesser-known rare coin assaying companies could mean lower liquidation prices when the time comes. Double Eagle coins are $20 Lady Liberty, and $20 Saint Gaudens, 22-karat rare gold coins, and investors are encouraged to evaluate their budgets for Double Eagle consideration. They are then encouraged to complete their research, and to contact one of our friendly specialists, who offer institutional discounts on Double Eagles, and many other gold coins to household investors like you.

Vic Fox

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