Gold
As we all know, gold commodities have been extremely hot lately. On Wednesday, gold, silver, and oil prices surged, much to the delight of commodities traders and investors.
Commodity: GOLD
Price: 636.00
Today’s change: +12.70
GOLD Gold, a precious metal, is hot. Gold prices have been steadily increasing for months now. The reasons are many: rising oil prices, weakened US dollar in currency markets (forex trading), the strength of China’s and India’s economies, and many other reasons.
In a previous post, Buying Gold, I had said the price of gold in my opinion was inflated. Now I’m eating my words. Gold has surged 91 points since my previous post on February 17, 2006. Incredible. With the strength of gold, and current economic situations, I see positive upside for gold investments.
Since February, I have done a lot of research on gold investments, particularly on gold coins. I currently do not own any gold coins or investments, but I am hoping to start buying very soon. My favorite coins are the American Gold Eagle by the US Mint and the Canadian Gold Maple minted by the Royal Canadian Mint. Both coins come in varying weights, but I’m primarily interested in the 1 ounce coins. Both coins look fantastic, in addition to their value. The American Gold Eagle is 91.67% fine gold. The Canadian Gold Maple is the most pure coin on the market, at 99.99% fine gold. Generally speaking, the price of gold coins will be slightly higher than gold bars, due to the artistry and minting involved.
Related links:
- Buying Gold - Trading Winner blog post on Gold
- US Mint
- Royal Canadian Mint
- Kitco - buy gold, sell gold and get gold prices
- Bullion Desk - buy and sell gold and get gold prices
April 20th, 2006 at 12:06 pm
Other Persian Gold Steady…
If bad stuff was about to go down there, foreign investment stocks like this should plummet. So while Iranians are running out to buy all the gold coins they can, and to open their own gold exchange, and while the price of oil is shooting up on specu…..