The price of gold has enjoyed sustained strength this calendar year, up nearly 11.07% year-to-date. Up 13.65% from its low of $1,266 formed back in May 2019. However, the price is still well below the all-time high of $1,921 from September 2011.
Fueled by a Weaker U.S. dollar- the weakness in the dollar index lowered its trading power 0.18% (at 97.04 today). It is this weakness in the dollar index that is helping the gold price to shine. A few weeks ago the dollar index touched the low of 95.84.
On an extremely long-term basis, gold has been moving upward since hitting rock bottom in December 2015, when prices reached a low of $1045 per ounce. Since then gold has moved to higher pricing $1370-$1380 per ounce. That all changed last month when gold broke above the long-standing resistance, closing above $1400 per ounce for the first time since 2013.
We recommend U.S. Gold American Eagles as well as select pre 1933 U.S. gold coinage. Many of the coins we stock have very low premiums to gold, historically. Making this an excellent time to acquire these pieces.
Our message is simple. When uncertainty is knocking- BUY Gold. Premium on many pre 1933 U.S. Gold coins are virtually non-existent. Click the link below to see some of the best buys in the market today.
https://rarecoinpros.com/product-category/gold-coins/pre1933goldcoins/
