Dicounted Price Gold Coins
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.
 1995 $5 Five Dollar American Eagle Bullion Gold Coin  US $143.50
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 2008 American Eagle Five Dollars $5 Coin Free Shipping US $152.50
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 1 Oz Ounce 1997 Gold American Eagle $50 Coin BU Unc US $1,160.00
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 1993 1 10 Oz American Gold Eagle Proof Coin US $139.75 |
 2008 W $10 GOLD EAGLE 1 4 OZ NGC MS70 MS 70 US $916.83
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 2010 $50 1oz Gold Eagle PCGS MS70 FirstStrike MS 70 US $1,450.25
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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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1995 $5 Five Dollar American Eagle Bullion Gold Coin US $143.50
|
2008 American Eagle Five Dollars $5 Coin Free Shipping US $152.50
|
|
1 Oz Ounce 1997 Gold American Eagle $50 Coin BU Unc US $1,160.00
|
1993 1 10 Oz American Gold Eagle Proof Coin US $139.75 |
|
2008 W $10 GOLD EAGLE 1 4 OZ NGC MS70 MS 70 US $916.83
|
2010 $50 1oz Gold Eagle PCGS MS70 FirstStrike MS 70 US $1,450.25
|