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Gold Bullion News Today

August 27, 2010 - After a lackluster couple of weeks that saw the three main US stock indexes rise consistently, the decade-long rally in gold bullion appears to be gaining steam once again. Gold went from $1190 per ounce less than two weeks ago to today’s current spot price of $1237. With the mainstream media promoting a recovering job situation, an improving housing market, and rising stocks, what is behind the bullish price of gold bullion?

While gold usually moves in the opposite direction of the currency in which it is priced, gold buyers also boost the spot price when they see unsteady times ahead. The current administration has been more than elusive about their plans in the Middle East, the Federal Reserve hasn’t helped matters with their less than transparent talk about moving interest rates, and many top economists believe that the price of gold bullion will increase with our nation’s problems.

Gold bullion has proven to be a viable alternative to paper-based investments, because bullion is instantly liquid and the buyer alone controls the assets. However, investors who lack confidence in our government’s ability to dig our nation out of this financial hole have vested their funds in certified gold coins instead of bullion. These coins tend to outperform raw bullion for long-term holds, and they are classified as completely private and non-confiscatable by our government’s own rules.

If you are on the fence about a gold bullion investment, if you want to check the status of the metals you currently own, or if you just have a few questions about how the gold market works, please call us today or send us an email with your questions and we will assist you as soon as possible.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer - Gold-Bullion.org

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