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Congress Approves .9999 Fine Gold Coins
New .9999 fine (24 karat) 1-oz legal tender $50 gold coins will be added to the U.S. Mint's line of gold bullion coins in 2006 when President Bush signs into law a bill that Congress passed in December. The legislation calls for the Mint to have the coins ready to distribute by June 2006, but the coins may be ready before then. The legislation authorizing the new .9999 fine gold coins was quite specific, mandating the design and even the method of packaging. For the first year of issuance, the coins "shall bear the original designs by James Earle Fraser, 'which appear on the 5-cent coin commonly referred to as the 'Buffalo nickel' or the '1913 Type 1'." This wording, without...
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Gold-MiningStocks.com Reports – Gold Price at Highest Point for 17 Years - Gold Stocks Populate List of Highest Gainers
Gold-MiningStocks.com Reports – Gold Price at Highest Point for 17 Years - Gold Stocks Populate List of Highest Gainers Concerns regarding inflation, state of the US economy following Hurricane Katrina, deterioration of global currencies, and rocketing oil prices create volatility and drive investors towards increased gold holdings. POINT ROBERTS, WA, Delta, B.C. September 19, 2005 – Gold-MiningStocks.com (GMS) reports that shares of gold mining companies rose sharply in late trading on Friday due to concerns regarding inflation, a deterioration of global currencies and ever increasing oil prices. GMS provides leading edge information and research regarding gold stocks, mining...
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Gold-Safe Investment
Gold has always been known as a number one investment option. But is it really that profitable to invest in gold? The gold prices differ each year. Some years are favorable for investments, some are not. Gold has always been considered a safe investment. However, in 1980 the closing price was $ 593.8 per ounce; in 2004 it was $ 442.1 per ounce. So this rally has come as a relief to the gold bulls, who were all but extinct. Back in year 2000/2001, few were recommending gold, when it was trading at about U$ 260 per ounce. Today however, after a 70 per cent rise in the price of gold, the interest in this commodity has only increased. Our advice to you, be realistic and invest in...
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