American Gold Eagles Still Shine For Investors
With year-to-date sales of American Gold Eagles closing in on nearly one-million units sold for 2009, the United States Mint has experienced a banner year for their American Eagle coin program.
Gold Eagles have found strong investor interest throughout the year with many near record sale numbers achieved, including the month of September during which over 115,000 gold eagles were sold and experiencing one of it's highest selling Septembers by volume.
As investors shy away from traditional investment opportunities such as stocks and bonds, the American Gold Eagle has enjoyed a resurgence the last couple of years with no end to their popularity on the horizon. Gold Eagles not only draw the interest of investors here in the United States, they also have become one of the most revered gold bullion coins on a worldwide basis. As the global economy continues to lag, investors continue to seek a hedge against falling dollar values.
As the price of gold hovers at $1,000 per ounce, seeking ways to obtain physical gold as efficiently and safely as possible, has become a priority to many of those hoping to take advantage of potential future gains. American Gold Eagles fulfill many of those requirements as they are readily available, accepted as a quality gold bullion coin anywhere in the world and due to their convenient size can be easily and safely stored.
All in all, 2009 will go down as a great year for the American Gold Eagle coin, with many investors who were previously unaware of the benefits and enjoyment of obtaining Gold Eagles joining the ranks of the many thousands of experienced gold bullion investors.
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Investors Take Interest In American Gold Eagles
Due to the the uncertainty hovering around today's traditional investment options including real estate along with stocks and bonds, many investors have begun to consider the benefits of adding physical gold to their portfolios for both long and short term gains. Market volatility combined with a weakening dollar has led investors to seek shelter in one of the most consistently trusted assets in history: Gold.
Today, gold is available in many forms, and American Gold Eagle Coins have become one of the most popular options available to investors as they are readily available for purchase and easy to store once obtained. As they are also backed by the government of the United States for their stated gold content and purity, investors can feel assured that the product that they are acquiring bears the quality hallmark of a gold bullion coin that has been produced by The United States Mint.
As gold has recently risen over $1,000 per ounce, many industry experts are predicting even further growth. As such, American Gold Eagle coins are seeing high demand with record numbers sold this year. The Mint recently had to begin the allocation of many gold bullion coin items as the availability of raw materials were just not able to keep up with consumer demand.
As the dollar weakens, gold prices tend to climb leaving many investors who have an eye toward diversification into precious metals, to serious interest in expanding into American Gold Eagle Coins.
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American Gold Eagles Rise As Investor Demand Grows
Gold climbed above $1,000 on Friday as investors have grown increasingly interested in gold bullion coins and gold mining stocks as an investment alternative to falling traditional stocks and an unstable real estate market, especially since this time last year. The price of the precious metal has nearly doubled in the past four years as investors seek to hedge their portfolios against inflation and other possible downturns in the usual longtime standards, mainly stocks and bonds.
As Federal regulations state that the raw gold used in American Gold Eagle Coins must be mined here in the United States, very few gold refineries qualify in meeting the standards required to officially produce the blanks needed for the coin minting process. These stringent regulations created a shortage of gold uncirculated and proof coins this past summer, fueling investor demand for gold bullion products even more this year.
The United States Mint has already sold over 750,000 American Gold Eagles so far this year, outpacing last years total numbers for the entire year. As final numbers begin to filter in at the start of 2010, sales of gold bullion coins should approach all-time record numbers, and with interest in gold bullion showing no signs of slowing down currently, many experts predict that next year will be an equally strong year in relation to physical gold as an investment option.
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