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Why You Need to Know the Price of Gold

Gold is quickly becoming one of the most popular investment options for new and seasoned investors alike. There are a lot of reasons why people begin investing in gold. The average person invests in gold as an IRA or a protection for their savings so that if the dollar crashes, they will not lose all of their hard-earned cash. Others see gold as an investment opportunity that can result in making big profits in a short amount of time. Regardless of the reason for investing in the beautiful yellow metal, there is one key piece of information you need to know, and that is the price of gold.

The reason for keeping tabs on the price of gold is simple. You need this vital piece of information if you plan on making a smart investment. If you want to turn a profit off of investing in gold, then the money you make selling the gold must be greater than the amount you paid for it. This means that you want to buy gold when the prices are low and attempt to sell them when prices are high. This means that you will make more money selling your gold than what you paid for it, equaling a profit. If you do not know how much the gold costs, you will not know when the right time to buy is and when the right time to sell is. Read more…

The Value of Gold Eagles and Gold Bullion Then and Now

American gold Eagles are always perceived as valuable, and though not all coins are best sellers, they are nonetheless valuable whether as a true collectible or as merely a historically relevant coin.

However, the latest news from Business Week suggests that these gold coins may fall in price in the near future, as they have been steadily declining since August.  In August, there were 112,000 ounces sold and in September, 91,000.  According to the publication, in October, there were 62,250 ounces.  The trend may well continue from November and onward.  True, the holiday season is coming up and giving the gift of precious metal is indeed a happy and inflation-free thought.  However, statistics also show that the end of the year and beginning of the New Year often result in a slowdown of bullion and collectible coin sales. Read more…

The Modern Popularity of the American Silver Eagle

The American Silver Eagle coins have been extremely popular since their first release in the year 1986.  During the first year, over six million of these coins were sold to eager collectors and investors; the following year doubled those sales to 12 million.  With the events over the past decade, including the shaky economical climate, people are really looking for some safe house for their wealth.  In 2008, over 20 million Eagle coins were sold.  This seemed an impossible number to beat, but the following year 30 million were sold and in 2010, over 35 million silver Eagle coins were sold.  What about sales in 2011?

The year of 2011 is also a record smashing year, as in October of this year total sales passed the 35 million mark, with a few months still left to go.  Just how high will that number reach come December 31st?  No one knows for sure, but it is sure to be impressive to say the least.  Especially with the new 25th anniversary set just released. Read more…