As gold prices remain well below their record high, many investors are cashing in on an opportunity to purchase their gold at deeply discounted prices. Right now, the price of gold is sitting $70 per ounce below its record high form a couple of months ago.
With a downturn in prices, new gold investors are looking at getting into an opportunity that may only be once in a lifetime. While some are predicting that gold is about to fall off, many are estimating that gold will continue to climb up to $2,000 plus per ounce. With the anticipation of hyperinflation, right now would be a great time to convert some of you wealth to gold.
The American Eagle gold coin is perhaps one of the most favored coins when it comes to investing in gold. This is a popular coin because it carries a guaranty from the United States government. This guaranty states that the gold that you receive contains the correct weight and purity as stated. This unmatched guaranty has made gold a popular choice for investors not only in America, but around the world.
Gold coins can be purchased in several different increments from 1/10th ounce to 1 ounce. The price of the gold eagle is determined by the current cost of gold plus a small premium. If you are interested in purchasing a gold eagle today, you should expect to pay around $1,260 per coin.
Author: Mike Smitt
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