The demand for gold coins jumped in May, according to a recent report from the United States Mint. Sales doubled in May compared to April. A total of 53,000 ounces of American Eagle gold coins were purchased in the month.
Experts believe that people investing in gold pushed the sales up as the price of gold hit the $1538 level. With the price of gold nearing $1600, those gold coin investors have already enjoyed a return on their investment.
Other investors believe that the new banking crisis hitting Europe, primarily Greece and Spain, may also be affecting the rush to buy gold coins.
It appears that the price of gold may have hit a strategic price in the last few weeks and may be headed higher for the remainder of the year. Investors should consider looking at adding gold to their portfolio, especially gold coins for retirement accounts such as 401k rollovers and IRA transfers.
Don’t miss out on the next rally in the price of gold that could bring the price over the critically important $1600 support level. Check out our website today at www.aglobalcurrency.com for more information about buying gold.