Get The Facts On $50 American Eagle Gold Coin Investments With Gold-Coin.com
October 29, 2009 - The US Mint recently announced that they will not produce the $50 American Gold Eagle this season, so many market analysts now expect the existing $50 American Eagle gold coin investments to carry an increasingly higher premium. Investors can buy Gold Eagle coins from reputable dealers in person, online, or over the telephone, but these investors should be aware that there are different sizes and denominations of this coin. The US Mint will still produce fractional varieties of the Gold Eagle this year, but it does not have enough one-ounce gold blanks to meet public demand, as is required by law. Hopefully, our government will reinstitute the program ASAP, but a gold confiscation looks more likely than a gold sale right now.
Most investors are aware that production of the $50 American Eagle gold coin investments have been suspended due to unprecedented demand, but many investors are unaware that over 13 million of these coins have been sold since 1986. This represents over $1.4 billion worth of gold, but this is not nearly enough to sufficiently stave off long-term devaluation of our dollar. When our government confiscated gold bullion in 1933, they recovered over 131 million ounces, and there is an exponentially larger supply of dollar bills in circulation today. Our government will likely confiscate all gold bullion products, including gold bullion that is stored for IRA or gold ETF purposes. Individuals who hold $50 American Eagle gold coin investments and other gold bullion may want to convert those assets to a type of gold that is more suitable for long-term possession. Contact a reputable gold exchange today to discuss your gold investment options.
Stewart Lawson
Senior Staff Writer - Gold-Coin.com
