Daily Gold Eagle News

3 February 2010 – After a slow month of January, optimism prevails for American Gold Eagle coins sales based on rising gold prices. After gold pricing moved downward in both December and January, gold reacted sharply to the fiscal news out of Washington DC, signifying an end to the dollar’s dominance and leading to speculation that dangerous American financial policies would result in additional American Gold Eagle bullion sales.

The new 2010 Eagles were issues on January 19th, and over 50,000 were sold in the first two days of availability. Since then, sales have been slow as Americans saw the strength of the dollar dampen demands for investment gold. Now the concern is shifting to further weakness in the dollar, meaning that gold bullion is primed to make another rally.

Since 1986, the Eagle has been the coin of American bullion. 2009 was an excellent year for gold Eagle sales, with more than 1.425 million being sold. This total not only represents a demand for the American minted coins, but it also underscores the strength of the gold market itself.

Gold is on a nine year climb, posting gains every year since 2001. Since 2000, the price of gold has increased nearly 300%, making it one of the most profitable investments during that period. Gold Eagle coins have represented a secure investment and a hedge against inflation for many people.

Gold Eagle coins are 22-karat gold and guaranteed by the US government for purity and quantity of gold. Investors who are looking for an asset that retains value even during the most difficult of times should consider adding American Gold Eagle coins to their portfolios. 

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org