March 26, 2009 - There are many different factors that can affect gold bullion pricing at the moment, and lately investors have been comparing coins vs bars in order to find the precious metal investment that is ideal for their portfolio. When looking at the major differences between coins vs bars it’s always important to know the purity of the gold that the product consists of, and whether or not it carries a certain premium above the daily market spot price. Always remember that investment grade gold comes in both 22 karat and 24 karat purities. A proper diversification could be achieved by working directly with a reputable dealer such as the Certified Gold Exchange in order to find out exactly what product is best for your portfolio for both short-term profit and long-term wealth preservation.
During the midday trading hours, the gold spot price is moving up to $940.10 per ounce, an incline of $6.30 for the day and also an incline of $1.60 for the month. Short-term projections are speaking of the possibility that spot prices could enter the $1000 per ounce area by next week if even more negative economic data continues to strike fear in the minds of investors. The metal will rely on other market movement for a while, so it’s important that we keep our eyes on the United States Dollar and the stock market in order to find the best deal when purchasing precious metals. Happy investing and don’t forget to weigh your options when comparing coins vs bars.
