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Gold Eagle Bullion

Gold Eagle bullion has been a very successful investment over the last decade. First produced in 1986 when 1,362,650 one ounce Gold Eagles were minted, the gold bullion coin has been a reliable means of gold investment for over twenty years.

An example of the possibilities that lie in Gold Eagle bullion is the 1999 minting. The largest annual production was in 1999 when 1,505,026 1 ounce coins were produced, as well as 263,013 ½ ounce coins, 564,232 ¼ ounce coins and 2,750,338 1/10 ounce coins. This comes to just over two million ounces of Gold Eagle bullion. In 1999, the lowest London gold fixing was $252.80 an ounce on July 20 and the highest was $325.50 an ounce on October 5. The middle of that range is $289.15. By comparison, the afternoon London gold fixing on January 4, 2010 was $1121.50.

The point of all the math is that the price of two million ounces of gold at $289.15 in 1999 was $578.3 Million and the price of two million ounces of gold at $1121.50 at the start of 2010 is $2.243 Billion. That is a $1,664.7 Billion increase in value on one year’s production of Gold Eagle bullion. It looks like buying Gold Eagle bullion in 1999 was a good idea!

The US Mint will no longer make fractional Gold Eagle bullion according to recent statements; however, the US mint will continue to produce the one ounce bullion coin.

With the worst economic problems in nearly eighty years still plaguing the nation, wise investors, like those in 1999, are still looking to Gold Eagle bullion as safe and reliable protection against inflation and the possibility of an even worse economic plight. 

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org