Gold Spot Price $1692.2 -0.60    Silver Spot Price $31.65 -0.11    Platinum Spot Price $1542.00 -2.00    Call Our Gold Bullion Hotline at 800-300-0715 For Live Quotes On Gold Coins And Bars - Always Free, Insured Delivery.
Daily Gold Bullion Update

September 15, 2009 - Gold bullion dipped below the $1000 mark during the trading session on Tuesday morning, then quickly jumped back above the invisible line that so many investors keep an eye on. Gold bullion bars and coins are popular items for investors who are looking for a short-term cure for inflation.

While the gold spot price has remained relatively flat for most of 2009 due to increasing fears of a US gold confiscation, gold bullion is used as a profit-maker by investors who buy the yellow metal on a low. The traders then wait for gold to jump up 5% or so, as it has done in the past 30 days, and they sell the metal off. When the spot price experiences another slight pullback, they make another purchase and continue this cycle over and over. Other gold investors tend to stay away from confiscatible bullion products, opting instead for rare coins that have been certified by a reputable third-party grading agency such as the Professional Coin Grading Service or the Numismatic Guaranty Corporation. PCGS and NGC graded coins come sonically-sealed and each coin includes a serial number, which gives the investor instant liquidity around the globe. The private status of these numismatic coins also provide investors with something to fall back on if other asset classes are deemed worthless. Many investors and economists feel that the US government has no option but to recall gold bullion from its citizens in order to give US paper currency real value. An executive order that was in effect until 1973 was issued by President Roosevelt in 1933 to prevent the hoarding of gold bullion, and some think that President Obama could use a similar tactic to prevent US currency from becoming insolvent.

Gold bullion, which sells by weight, is currently trading at $1005.10 per COMEX ounce. This is a 0.45% increase for the trading day, and a 28% incrase in price over the last 365 days. Stay up to speed with gold bullion and rare coin pricing at and

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer -

RSS icon
Call Our Bullion SpecialistsFree Info On Gold BarsGold Bullion IRAGold Bullion Depositories
RSS Big Icon