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Market reports say that international gold price will likely test $950 level going forward. The positive outlook was born out of the developments last week.

The US core inflation rose last week making the yellow metal as good hedge against adverse price effects driving demand for gold. Other factor that spurted demand was the steps taken by the Chinese government to boost its gold reserve.

According to reports, China has increased its gold reserves 75% to 1054 tonnes recently and has plans to up its reserves further. Another indication of a bullish trend is the renewed confidence seen among gold manufacturers recently, which has resulted in a fall in their hedging positions. Normally gold manufactures hedge against fall in gold prices. The recent positive outlook means that the market is bullish on gold.

Market analysts are of the view that the bullish outlook on gold depends on the increasing chances of an acceleration in US inflation in the years to come. This will fuel an associated unprecedented increase in investor demand for the yellow metal.

The international gold prices ended $931.30 for the June delivery and spot gold closed at $930.70 an ounce. During the last week the open interest was 362,725 , which was down 50% from a year ago. The data showed that long speculators hold 51% of the non-commercial position , while hedgers hold 71% of the total commercial positions.

Analysts see the international gold price to reach $950 levels soon, once breaks out from the near resistance level of $932-$934 range. The immediate support is seen at $925-$917.

As international gold price is poised to climb, its wise to get access to the price fluctuations and gain the benefit out of it. The shortest way of getting access to the positive price situation is to buy gold coins, whose prices will also fluctuate in tandem with international gold prices.

The advantage of gold coins is that you can buy them in smaller units and store them safely. Since the gold coin market is highly liquid, you can dispose of your holding any time you wish convenient to profit out the prevailing higher prices.

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Discounted price gold coins will continue to dominate gold coin market in a medium to long-term perspective. In that sense, the prices of gold coins are consolidating now in line with gold prices in the world market. And it will likely rebound from the brief correction , witnessed in the last week. The correction in gold prices was due to the news of International Monetary Fund _ IMF's intended sale of 403.3 metric tons of gold to raise $50 billion aid to the poorest countries.

According to a report in the Wall Street Journal, gold sales by the world body are unlikely to depress the metal's price, because central banks would be likely buyers.

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The report quoting the IMF Managing Director Dominique Strauss-Kahn said that the sales is still subject to U.S. congressional approval, and that the no further sales were planned.

Gold prices initially fell 3.5%, dipping below $900 a troy ounce, on Thursday's statement. Analysts said that if the sales go forward, they would be slow, orderly and absorbed by central banks. Friday, nearby April gold fell $11.80, or 1.3%, to $895.60 a troy ounce on the Comex division of the New York Mercantile Exchange.

"Central banks such as those in China, Russia and Japan are obvious counterparties to this kind of sale," said Morgan Stanley analyst Hussein Allidina.

Mr. Allidina said those central banks could diversify their large dollar holdings and buy IMF gold off-market, limiting the effect on gold prices on the spot and Comex markets.

The IMF has in the past sold gold to members off-market. In 1999 and 2000, the IMF sold 12.9 million ounces to Mexico and Brazil in authorized off-market transactions, some of which was sold back to the IMF.

According to the report, the IMF has 3,217 metric tons of gold reserves, making it the world's third-largest official holder of gold behind Germany and the U.S.

Like the U.S. and the Bank for International Settlements, the IMF follows the Central Bank Gold Agreement, a pact agreed to by 17 European central banks to sell no more than 500 tons of gold each year to pact members. The five-year agreement ends 26 September this year, and analysts expect a new one to be negotiated.

Before any IMF sale happens, 85% of the fund's shareholders need to approve the proposal. Since the U.S. has 17% of the votes, it has a de facto veto over the proposal.

There are strict rules over how gold would be sold by the IMF. On its Web site, the IMF said approval would be granted only if the sale could be conducted in a way to minimize disruption to the gold market.

European countries that are signatories to the agreement have sold 80 metric tons of gold since the end of September, according to data in March.

Analysts said that IMF sales need not to impact the gold price as investors continue to buy for its status as a safe haven, amid falling dollar and uncertain stock market. We in our store offer you a very wide range of discounted price gold coins, which are good investment amid the ongoing recession and uncertainties.

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Detecting counterfeit coins is the major challenge for a coin collector. There are several instances of cheating by people who are well trained in duplicating coins. Detecting counterfeit coins will be easy once you get to know how this counterfeiting takes place. The common practice is to pour a liquid metal into molds that will leave die marks with cracking on the counterfeit coin. Then a special machine does the stamping of coins to make them look genuine.

Those who are experts in determining counterfeit coins have observed that the changes seen in the coins have added, removed, or even altered the coin’s date markings. If a person thinks that he is in possession of a counterfeit collectible coin, he can compare it with another coin – one like the suspect coin – which is known be genuine and have the same markings.

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If the coin’s value is more than 5 cents, look for corrugations in the outer edges of the coin. These are very thin railings (also know as “reeding”) on the edges of the coins. Genuine coins have very thin edges and the railings are even and distinct if one is very observant. Those coins that are counterfeit can be distinguished if the edges are not thin enough and the railing is uneven or missing in some areas.

Should there be an instance when a person perceives that he has received a counterfeit coin, he must not return the counterfeit coin to the person that handed him. He must try to delay the person – should he try to escape – or try to keep that person in sight and follow him to his destination if possible. It is important to remember the person’s clothes and physical appearance and if the person has any companion during the exchange: if they have a vehicle, get the car’s license plate number and immediately call the nearest police department or the United States Secret Service for help.

There are many things that can be considered to determine whether the coin is counterfeit or not. There are terms that are used to describe a counterfeit coin’s characteristics and they are as follows:

1. A restrike of a coin can be considered to be genuinely authenticated. These coins are actually dated earlier than those originally issued by the country that released them but have the same or exact features as the original coins.

2. Coins of a specific country in the ancient times are sometimes copied by another country. A person may think that it is forgery, but it is not because they had been legally approved in the country where they originated.

3. Forgery can be associated with the making of an illegal profit. It would be the main objective of the counterfeiting syndicate. The government sometimes uses forgery for political propaganda, as in the Second World War when Germans produced millions of American and British banknotes with the intention of profiting from them and destabilizing their enemy’s economic situation.

4. Another known type of counterfeit coins is replica coins. Replica simply means that the original coins are copied with the same features and markings. The usual counterfeit coins have differences that are noticeable when examined by coin experts. Some coins have the word “copy” intentionally put on the sides of the coins and these replicas are used for educational purposes and museum displays.

5. A Lebanese connection is said to have a huge production of counterfeit coins. These coins were found to be used in an attempt to fool many museums, collectors, business leaders and other countries that are searching for their ancient lost coins before the discovery of this syndicate.

6. The collector intended forgery and the circulated intended forgery are types of forgeries where the coins are intended to be tokens yet the face values are accepted, despite of their illegality and irrelevant intrusive values.

The best remedy is to buy coins only from reputed and established stores. In that case you need bot to bother about detecting counterfeit coins. In all other case, it is essential that you consult an expert to determine the genuineness of the coin. Unlike a seasoned coin collector, an ordinary person could hardly detect a counterfeited coin. But sometime, even very experienced coin collector also get cheated, if he choose to buy from suspected sources. To protect your money you have to very careful while buying coins , as detecting counterfeit coins is not always easy.