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Daily Gold Bullion Update

June 24, 2009 – Gold has long been seen as one of the ultimate ways to preserve wealth and profit during troubling economic times, and today I would like to focus on the popular gold bullion coins that have taken the United States by a storm in the past few years as our great nation slowly but surely entered the worst financial crisis since the Great Depression. Gold bullion coins are modern-day products that are minted all around the world as a means of promoting a country’s gold sales. Some of the most popular gold bullion coins are the American Eagles, Canadian Maple Leafs, Chinese Pandas and South African Krugerrands. Although many collectors purchase these coins as collection pieces, the majority of the demand for them comes from investors who seek short-term profit. Bullion products have shown impressive profit potential in the past eight years, and between 2001 and 2008, several of them increased in value more than 350% while many stock indexes tumbled between 30% and 60%. If this is the kind of diversification that you’re looking for, then you may benefit by learning more about the market and by beginning a purchase with a world-renowned bullion exchange.

By around 2:30 PM Eastern Standard Time, gold bullion coins are seeing minor increases in value as the spot price of the metal begins a small rebound because of speculation about significant instability with dollar-backed assets at the moment, thus the spot price has climbed to $925.60 per ounce, jumping up $3 for the trading day and also jumping up $24.30 in the last 365 trading days.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer -

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