Gold Surges … New Record, Once Again

by on January 10, 2008 · 1 comment

Gold surges to new record high once againDay, after day, after day, after day … and so on. Gold continues to surge past the previous day’s record highs. It hit $897.30 on the New York Mercantile Exchange (NYMEX), which was higher than the record of $894.40 on Wednesday.

Gold was helped today after Federal Reserve Chairman Ben Bernanke indicated more interest rate cuts are on the horizon. That resulted in the dollar sharply falling and gold strengthening.

Many analyst are suggesting and expecting gold to hit $900 an ounce and very soon. At some point, there could be a correction with profit taking. Will that happen after and if gold reaches $900? Only the crystal ball knows …

At 5:11 a.m. EST, spot gold was at $893.50.

Few gold coins available from U.S. Mint

As far as coin collectors who like modern bullion US coins, it’s scarce pickings at the U.S. Mint. Currently, the only available collector gold coins are those that also happen to be predisposed to higher mark ups:

As a result, many collectors who like a mix of gold in their modern US coins will have to seek them through the secondary or dealer market.

For more information regarding Federal Reserve Chairman Ben Bernanke comments, you may wish to read the embedded news content from


{ 1 comment… read it below or add one }

Koichi Ito January 11, 2008 at 4:12 am

Price of Gold, Silver, and Platinum is rising to record price each day. So How I can buy coins with price change of precious metals?

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