50 Gold Coin
May 6, 2010 - Amid staggering debt, the U.S. government continues to witness the declining value of the dollar. As a result, the global demand for the 50 Gold Coin is still soaring; but can investing in physical gold still represent a smart move? Expert precious metals investor Jim Rogers and hedge fund giant George Soros disagree, with Soros referring to it as the ‘ultimate asset bubble’ in a 2010 CNBC interview. One fact is clear: at the time of this article, the 50 Gold Coin price has broken the $1,201/ounce mark.
The near record high is being credited to economic turmoil in Europe compounded by the U.S. recession. According to a senior analyst from RichcommGlobal, both situations are causing equal uncertainty for investors, noting that ‘the market seems to be nervous.’ Jim Wyckoff of Kitco News echoes this sentiment, and says investors are using gold as a ‘safe haven amid keen uncertainty’ about their economic future. The American Eagle Gold Coins are following this trend, with over 60,000 total American Eagles sold in April of this year.
The increased sales of 50 Gold Coins is not based on the path of the dollar alone. In the days leading to the breaking of the $1,200 ‘psychological barrier,’ gold continued to hold strong amid an ascending dollar.
Debating over future gold prices makes a great daily news story, but the experts do agree on one thing: As long as economic conditions are uncertain and the currency market is volatile, the market for gold will be seen as a safe haven.
Stewart Lawson
Senior Staff Writer - Gold-Coin.com
