Home > Articles

Gold Price is At All Time Record High


The news of gold price at its all time high was met with thunderous claps by investors and the global markets alike in the current state of the global economy. The yellow precious metal has a tradition of being one of the world’s “safe haven” has proved its role once again when all the markets are in stress. On September, the price of gold has increased to a record of more than $1,270 an ounce and this current price is seen to be likely to affect the gold products of the United States Mint.

Over the last 12 months gold prices have surged steadily and do not have any sign of letting up. Rumours has it that the increase price of gold will also increase the selling price of the US Mint products that include the 2010 Proof Gold Buffalo and the First Spouse Gold Coins series as they are the two most sought after gold bullion coins in the United States.

It is widely known that the United States Mint adjusts the prices for numismatic gold products on a weekly basis and the changes are dominated by the average of the London Fix prices during the opening period of 5 working days that usually starts on Thursday. However, the weakening dollar in U.S. equity markets have sparked an interest in buying gold as the value of the precious yellow metal will only soar in the future. It can be proven when the First Spouse God Coins increased from the initial selling price of $779 to $804 during the final day sale.


Over the past three years, the world’s gold prices soared from $400 to $1,100 and there are three known reason why the precious metal is having so much success in the market. The first reason is because of the sudden fall of the US Dollar. Secondly is the beginning trend of the Central Banks buying gold and the third reason is the increased interest of gold as a commodity trading. Gold investment is already in high demand and is surely get higher by the year.

With the current state of world economy hanging imbalanced and the US Dollar spiralling slowly but steadily, the investors are spurred to purchase and acquire bullion gold to protect their wealth better than any other commodities in the world. And with the rapid growth of gold the central banks are watching it carefully and are working on maintaining the price at under $35 an ounce for as long as they can so the paper currencies are not replaced by gold currency. To turn gold to profit and get profit from it, gold just has to be owned and wait for the global gold market to be more bullish than it is now.

Category: Coin News, Gold