There are many factors that make now a good time to buy gold coins. Only you can determine if it is right for you. The following are factors that affect the price of gold in a positive way normally. Many of these factors are happening right now.
Spikes in interest rates are often followed by increases in gold prices. Higher interest rates work to increase inflation as the cost of borrowing increases which in turns increases the cost of living.
Oil prices and gold prices don't work hand and hand though there has been a correlation throughout the last few decades. As oil prices have risen or dropped dramatically the price of gold has followed in turn.
The health of banks is a leading indicator to the health of the economy. When banks are in trouble or stop lending it adds fear into the markets. This was noticed in the banking crises that saw the failure of Bear Stearns and Lehman Brothers in 2008 where many people turned to gold instead of keeping their money in banks.
Debt crises and loan defaults makes people uneasy about paper money or money tied up in assets that could go to nothing. Physical gold has never had a value of zero and adds security as you personally take possession of it.
Throughout history from different economic conditions gold has been a safe haven to diversify your portfolio and reduce your risk. Current financial uncertainty and the possibility of a double dip recession have gold prices hitting a brand new record in June of 2010.
Monday, August 30, 2010
Factors that Affect the Price of Gold
There are many factors that make now a good time to buy gold coins. Only you can determine if it is right for you. The following are factors that affect the price of gold in a positive way normally. Many of these factors are happening right now.
Spikes in interest rates are often followed by increases in gold prices. Higher interest rates work to increase inflation as the cost of borrowing increases which in turns increases the cost of living.
Oil prices and gold prices don't work hand and hand though there has been a correlation throughout the last few decades. As oil prices have risen or dropped dramatically the price of gold has followed in turn.
The health of banks is a leading indicator to the health of the economy. When banks are in trouble or stop lending it adds fear into the markets. This was noticed in the banking crises that saw the failure of Bear Stearns and Lehman Brothers in 2008 where many people turned to gold instead of keeping their money in banks.
Debt crises and loan defaults makes people uneasy about paper money or money tied up in assets that could go to nothing. Physical gold has never had a value of zero and adds security as you personally take possession of it.
Throughout history from different economic conditions gold has been a safe haven to diversify your portfolio and reduce your risk. Current financial uncertainty and the possibility of a double dip recession have gold prices hitting a brand new record in June of 2010.
Spikes in interest rates are often followed by increases in gold prices. Higher interest rates work to increase inflation as the cost of borrowing increases which in turns increases the cost of living.
Oil prices and gold prices don't work hand and hand though there has been a correlation throughout the last few decades. As oil prices have risen or dropped dramatically the price of gold has followed in turn.
The health of banks is a leading indicator to the health of the economy. When banks are in trouble or stop lending it adds fear into the markets. This was noticed in the banking crises that saw the failure of Bear Stearns and Lehman Brothers in 2008 where many people turned to gold instead of keeping their money in banks.
Debt crises and loan defaults makes people uneasy about paper money or money tied up in assets that could go to nothing. Physical gold has never had a value of zero and adds security as you personally take possession of it.
Throughout history from different economic conditions gold has been a safe haven to diversify your portfolio and reduce your risk. Current financial uncertainty and the possibility of a double dip recession have gold prices hitting a brand new record in June of 2010.
Thursday, August 5, 2010
US Mint Gold Coins: The Current Market Scenario
According to the CoinNews.net report of July 22, 2010, the demand for American numismatic gold coins has increased, compared to the previous US Mint item sales. All coins, except ten US Mint gold coins, exhibited no alteration in demand, seven of which belonged to the smaller Presidential $1coin category. The bigger dollar products that fell lower were the three First Spouse gold coins – two of the Jane Pierce Fillmore $5 numismatic gold coins and the proof Margaret Taylor. What improved the weekly sales still remains a matter of speculation.
US Mint Gold Coins: Major Gainer of the Week
The most likely reason for the improvement in the US Mint gold coin sales was the launch of the 2010 US Mint Uncirculated Coin Set on Thursday, July 15, 2010. There were 200,764 orders placed for the 2010 Mint Set. Since the 2010 coin collection raised immense interest in the other collectible items, it is speculated that same would be the case with the 4-coin 2010 US Proof, which has been the most sought-after annual set.
US Mint Gold Coins: Drop in Prices
On July 21, 2010, the US Mint lowered the prices for numismatic gold coins. This price decrease followed a general decline in gold prices. The United State Mint usually fixes numismatic gold prices according to the average London Fix rates. The prices are settled upon after taking into account the average price on the previous Thursday AM till the present Wednesday AM. If there seems to be a discrepancy in the average price (and is in agreement with the Wednesday PM Fix rate), the prices are altered accordingly.
The following are two of the most recent gold coins from the US Mint:
2010 Proof Gold Buffalo: This was released first, on June 3, 2010. This coin contains one troy ounce of 24k gold. The initial price decided upon was $1,510 and this rate stuck on till it slumped this week.
First Spouse Gold Coins: This was released periodically and roughly followed the Presidential dollars. The latest releases include:
• Sarah Polk
• Margaret Taylor
• Abigail Fillmore
• Jane Pierce
All these are available in proof as well as uncirculated formats. The most recent releases saw a pricing of $779 for the proof coins and $766 for the uncirculated coins.
US Mint Gold Coins: Major Gainer of the Week
The most likely reason for the improvement in the US Mint gold coin sales was the launch of the 2010 US Mint Uncirculated Coin Set on Thursday, July 15, 2010. There were 200,764 orders placed for the 2010 Mint Set. Since the 2010 coin collection raised immense interest in the other collectible items, it is speculated that same would be the case with the 4-coin 2010 US Proof, which has been the most sought-after annual set.
US Mint Gold Coins: Drop in Prices
On July 21, 2010, the US Mint lowered the prices for numismatic gold coins. This price decrease followed a general decline in gold prices. The United State Mint usually fixes numismatic gold prices according to the average London Fix rates. The prices are settled upon after taking into account the average price on the previous Thursday AM till the present Wednesday AM. If there seems to be a discrepancy in the average price (and is in agreement with the Wednesday PM Fix rate), the prices are altered accordingly.
The following are two of the most recent gold coins from the US Mint:
2010 Proof Gold Buffalo: This was released first, on June 3, 2010. This coin contains one troy ounce of 24k gold. The initial price decided upon was $1,510 and this rate stuck on till it slumped this week.
First Spouse Gold Coins: This was released periodically and roughly followed the Presidential dollars. The latest releases include:
• Sarah Polk
• Margaret Taylor
• Abigail Fillmore
• Jane Pierce
All these are available in proof as well as uncirculated formats. The most recent releases saw a pricing of $779 for the proof coins and $766 for the uncirculated coins.
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