Gold Price Reaches New High

Have you heard? Gold posted a new high yesterday of $1045 per ounce then fell back just a bit. This took out the previous high set on March 17, 2008. This 18+ months of consolidation has added great strength to the next move up.

Some experts say look for a large spike up in the next three to six months. How high is uncertain but don't be surprised to see another 30 percent or more. If you have been waiting to invest, you may want to seriously consider this as the time.

Gold American Eagles Still Soaring

In an update to my article on Gold American Eagles, I mentioned that 710,000 Gold Eagles were sold in 2008 versus 140,000 the year before. Further numbers show interest is still strong in this popular gold bullion coin.

In March 2009 136,500 Gold Eagles were sold compared to 113,500 in February 2009 (Silver American Eagle sales totaled 3,132,000 in March!). But there is something missing from these totals - Fractional Gold Coins. All Gold Eagles sold were one-ounce coins.

If you are at all familiar with Gold American Eagles (from my article or elsewhere) you know that they are normally produced in half-ounce, quarter-ounce and tenth-ounce sizes also. But the U.S. Mint has suspended their production and will not say when production will resume.

If you have been investing in Fractional Gold Eagles, you know the premiums are higher than one-ounce coins (the smaller the coin, the greater the premium). If this continues, expect the premium on these gold coins to rise farther still.

Happy Investing!