A Global Currency Blog

The price of gold is sitting right about a traditionally strong technical support level.

According to Spencer Patton with the hedge fund Steel Vine Investments, the price of gold is at a level that sees price increase potential based on technical charts and fundamentals.

“We’ve seen consistent buying interest once we’ve seen gold get to the $1,620 to $1,625 level,” he said. “That is a great sign for the market. This last time we went down, we fell a whole bunch over a period of two days once it was thought quantitative easing No. 3 was taken off of the table, and yet once again selling dried up around $1,620 and you’ve seen gold rally 50 to 60 bucks off of that low.”

He also said that demand for the price of gold has increased in India lately and that will also support the price of gold this week.

According to a Bloomberg survey, 19 of 26 gold investment professionals expect the price of gold to increase next week.

Don’t miss out on the coming gold rally. Get it now at these technical support levels. For more information about buying gold coins, check out our website at www.aglobalcurrency.com.

The price of gold is still holding on to a six percent gain this year even with the roller coaster ride in the price of gold. The fact is if many people just ignored all of the noise and the ups and downs of the gold market, the net result would be a handsome six percent gain in the price of gold.

Even with the correction in the gold price last Friday, gold still had a positive weekly gain of more than one percent. It just goes to prove that if investors get nervous about daily headlines or events, often they miss the big picture – in other words a positive weekly gain.

In fact, in a recent survey of 21 gold trading experts, 12 expected the price of gold to increase this week while only five expected the price to decline during the week. Patient gold coin investors could definitely be rewarded by looking at the big picture instead of the day-to-day swings.

We can help investors choose the perfect gold coins for their portfolio diversification needs. For expert advice about investing in gold, check out our website at www.aglobalcurrency.com today.

The sales of gold coins increased last week as investors were looking for opportunities in the recent correction in the price of gold.

All of the gold bullion coins registered higher sales last week. There were 23,000 American Eagle gold bullion coins sold last week, compared with 8,500 gold coins in the week prior. Meanwhile, the sales of American Buffalo coins jumped 6,000 over the prior 4,500 gold coins the week prior. Sales of the American Eagle silver coin softened 100,000 coins due to the better affordability of the gold American Eagle and American Buffalo coins.

For the latest update on the price of gold and sales of the gold coins and silver coins from the United States Mint, check out our constantly updated free website at www.aglobalcurrency.com.

It’s time to start hedging some of the recent gains from the stock market by shifting into other assets. Where is an investor to turn? How about gold, where a recent pullback could be indicating a great entry point for patient investors?

After all, diversifying your portfolio across assets and investment types is a smart move. Add in the fact that Goldman Sachs has predicted the price of gold to hit $1840 per ounce in the next six months and it’s an easy bet to see that gold may be a smart investment for part of your stock market gains.

Don’t lose your gains from the recent stock market run up. We have a wide variety of gold bullion coins such as American Eagle, American Buffalo, South African Krugerrand and Canadian Maple Leaf gold coins for investors. These coins also can be used for retirement accounts such as IRA transfers and 401k rollovers. We also offer collectable pre-1933 gold coins for investors that are not confiscatable under presidential decree.

For more information about investing in gold coins, be sure to check the free information on our website at www.aglobalcurrency.com.

After quiet trading for the Good Friday and Easter holidays, the price of gold is poised to move up next week on the basis of dismal job creation numbers issued by the Federal Government last Friday. On a day the markets were closed for the holiday, the Labor Department announced that 120,000 jobs were created last month, lower than the most pessimistic prediction and the smallest net gain since October. Surprisingly, the unemployment rate also dropped, but that was due to the fact that people simply stopped looking for work and dropped out of the labor force.

Experts believed that the bad job creation numbers could reignite talks for a third round of Quantitative Easing by the Federal Reserve. The price of gold was soft last week based on an economic report from the Federal Reserve that the economic recovery was well underway and the need of further economic stimulus was not needed.

The possibility for further economic stimulus from the Federal Reserve, along with the recent affordability in the price of gold, means that gold coin investors could be looking at a good entry point to diversify their portfolio with gold bullion coins. Don’t miss out on the next rally in the price of gold. This may be the time to buy gold coins. For more information, please check out our website at www.aglobalcurrency.com.

Labels: gold bullion coins, gold coins, gold investment, gold ira, gold news