Eagle Buffalos

March 27, 2009 - Eagle Buffalos are relatively new gold bullion products that are becoming a favorite to precious metal investors due to its pure 24 karat content and its beautiful and exclusive design. The demand for these Eagle Buffalos has increased so much that the United States Mint has been unable to supply the demand in the past year, and with safe haven assets becoming even more popular during 2009, we may see a repeat of the occurrences seen in 2008. Speaking about 2008, market analysts are expecting a new record high to be set within the next three months, which would mean that the spot price would need to reach higher than $1033 per ounce. Such movement is possible especially considering the latest negative economic data proving that the United States economy is not restoring as well as we had expected, despite the Federal Reserve and Treasury saying that the worst is over. In reality, the worst may still come, and hyperinflation seems to be the biggest fear to investors looking to preserve the hard-earned wealth.

Today to Eagle Buffalos are losing some value due to the spot price of gold falling to $923.80 per ounce, a decline of 1.11% for the trading day and also a decline of 6.85% in the last 30 trading days. The United States economy has contracted at a 6.3 annualized rate, and wise investors may take this data and put it to good use by diversifying their portfolio with the proper precious metal investment that may help them meet their goals and needs appropriately. Happy investing and have a good weekend.

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Joshua Harris

Senior Staff Writer – Gold-Eagle.org