The IMF (International Monetary Foundation) still has 191.3 tonnes of gold bullion for sale, and is still waiting for formidable gold bullion buyers. The remaining gold equates to about 5% of the annual global demand for the metal, and many have wrongfully anticipated that China would buy up at least a large portion of that sum. Those assumptions were apparently closer to wishful thinking, as China has opted in recent years to also purchase gold from her own domestic producers, rather than from the IMF. By doing so, China has managed to almost double her gold reserves over the past six years, and currently holds 1,054 tonnes of bullion.

The immediate shortage of IMF gold bullion buyers has reflected in a 0.3% increase for the U.S. dollar on the Index today, bringing it up to 80.75. Experts believe that if China bought IMF bullion now, it would reflect negatively on dollar values, which is why despite enjoying a thriving economy, China won’t likely be one of the IMF’s needed gold bullion buyers, since she already owns so much U.S. debt.

Gold investors are eagerly awaiting this Thursday’s testimony by Federal Reserve Chairman, Ben Bernanke before Congress. Bernanke will be speaking about our government’s monetary policies, which could likely act as a strong influence on both gold spot prices, and dollar values. The gold spot price moves oppositely to dollar values, and many anticipate the Fed’s announcement to finally begin raising interest rates. Higher rates historically mean lower dollar values, which bullion investors hope will equate to a rising gold spot price.

Jonathan Monroe

A great many gold bullion buyers maintain their philosophies of, “Buy low, sell high”, “Smash n’ Grab”, short-term profiteering, but many more investors are researching the long-term benefits of rare coin investments. Bullion bars, and coins like 22-karat American Eagles’ premiums hover just above the current gold spot price (which represents the cost of one troy-ounce of pure gold), which is why they are widely used as short-term profit vehicles. They contain exactly one troy-ounce of pure gold, and our U.S. government backs them for their weight, and precious metal content. This “iron-clad” liquidity makes American Eagle bullion coins one of the most widely purchased gold coins in the world.

Gold bullion buyers can also choose among a wide variety of 24-karat international bullion, which is also U.S. government-approved for precious metal IRA storage. This investment strategy is especially popular among baby-boomers who understand the true severity of our nation’s economic plight, but cannot afford the high premiums that rare coins like Double Eagles command.

Double Eagles are rare, $20 Lady Liberty, and $20 Saint Gaudens, 22-karat gold coins that were minted from 1850 to 1907, and from 1907 to 1933, respectively. Both Double Eagle designs contain almost a full troy-ounce of pure gold, and even more precious numismatic value, which generally tends to appreciate over time. Prospective investors can avoid paying extortive retail prices for their American Eagle bullion, and Double Eagle rare gold coin by contacting one of our friendly specialists, who offer institutional discounts on bullion, and rare coin to household investors like you.

Danny Burns

Short-term gold bullion buyers have had more than their fair share of opportunity to benefit from tidy profits over the past five weeks, as the gold spot price continues its’ epic rise toward $1200 per troy ounce. The gold spot price set yet another impressive record high this morning, reaching $1183.80, at around 10:40 EST. Just Monday morning, the spot price was at a then high $1174.60, and now suddenly the possibility of reaching a gold spot price of $1200 an ounce by the year’s end isn’t such a far-fetched notion. There are new gold bullion buyers entering the market every day, while other seasoned bullion buyers continue to “reload” their bullion holdings for more potential short-term gains.

Gold bullion buyers typically vary between those who buy bullion bars, and those who prefer bullion coins. Bullion bars’ prices run closest to the current gold spot price due to their lack of intricacy, and household buyers generally purchase one-ounce, and/or ten-ounce bullion bars with reputable brand names like Engelhard, Johnson Matthey, Credit Suisse, and PAMP Suisse. Bullion coins are only a bit costlier than bullion bars, and generally come in one-ounce, 22-karat, or 24-karat purity. 22-karat American Eagle bullion coins are among the world’s most widely-purchased gold coins, along with South African Krugerrands. Austrian Coronas are often lumped in with these two 22-karat coins, although Coronas are actually 21.6 karats.

24-karat bullion coins include American Buffalos, Canadian Maple Leafs, Austrian Philharmonics, Chinese Pandas, and Australian Kangaroos, Koalas, and Lunar coins. Investors can receive institutional discounts on all of their bullion products by contacting one of our friendly specialists, who offer institutional discounts to household investors like you.

Danny Burns