Gold Coin Sales

4 February 2010 – As the US dollar continues to rally against the euro and other foreign currency, gold futures, precious metal prices, stocks and other investment options dropped. Despite the drop in gold futures and other assets, gold coins remain a positive option for gaining and protecting wealth as gold prices continue to hover around $1,100 per ounce.

The dollar, which has strengthened due to severe fiscal weakness in other countries, does not have the support to maintain its gains. While many of the EU countries are struggling, the United States is in a precarious position as well; the economy has not regained its footing, and the government has been grossly overspending in an effort to restart growth.

In spite of fear-based price jumps, gold coins remain a strong option. Gold has weathered an onslaught of favorable press for the US dollar, yet has still managed to push past its resistance point to post gains over the past two weeks. Investors see the US problems and many favor gold bullion and certified coins to protect their investments, as gold is traditionally viewed as a hedge against economic hardships and monetary concerns.

Fears about the US budget and excessive subsidies spurred gold price increases early in the week, and these concerns are well founded. While the news about Greece and Portugal’s problems is front and center, the US concerns have not gone away. Investors should continue to monitor the US economic situation and consider increased holdings in gold bullion and certified gold coins for new investment. 

Kevin Johnson

Senior Staff Writer –

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