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Wednesday, July 24, 2013

Gold Bullion



October 17, 2009 by · Leave a Comment 

The record-setting gold trading days of the last two weeks have given all of us a working example of gold bullion’s short-term benefits, and although there has been substantial profit taking, other investors have diversified into a stronger, long-term position in rare coin. The gold spot price is currently receded to the $1058 level, and our government and media will no doubt join hands, and portray this decline as a sign of economic recovery. Oh happy day. No really, it’s true. Not the part about economic recovery, certainly not. I mean the part about the government and the media. These two entities should just get it over with, and run away to Vegas, but there would be nobody left at home to baby-sit our infantile banking system, or our mischievous, adolescent Stock Market.

Today’s investors are advised to objectively evaluate our current economic developments for themselves. Yes it’s true that the gold spot price dropped from $1071, to $1058, but that’s still $25 above an all-time record high that stood for more than a year. More objectivity can be used when evaluating the status of our currency, and the stock market, not to mention our unemployment rate, and real-estate market. I remember the 1970s’ vividly, and personally things seem even more overwhelming to me now. Those who can afford an investment in gold bullion are advised to consider its’ short-term profit potential, and the long-term options that it provides. One of the most popular and affordable bullion items is the modern, 22-Karat, $50 American Eagle coin. Investors can receive institutional discounts on their American Eagles by contacting one of our friendly specialists, who offer these discounts to household investors like you.

Danny Burns

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