June 8, 2010 - With worries about the global economy riding high and the euro weak, gold bullion prices have shot up to almost $1240.00 a troy ounce. This is the trading range for the gold contract due for delivery in August. Gold bullion prices stayed strongly stable at $1215.00 until the unexpected rush of trading in the U.S. session.
Gold bullion is being seen more and more as a safe investment. The appeal is mainly due to the waning prospects in the global economy in spite of Germany sounding optimistic. Investors continue to be skeptical and prefer to invest in gold bullion.
In the meantime, the U.S. Mint introduced the 2010 American Buffalo gold bullion coin, which has gone on sale with an opening price of $1,510. One hundred thirty-five thousand one-ounce coins of the gold bullion version have sold since its release in the end of April. In fact, the U.S. Mint announced a sale of 542,000 ounces in gold bullion. Since June 1, 2010 alone, 20,500 ounces have been sold. This is far beyond the expected volume. Last year, the 2009 Proof Gold Buffalo was introduced in October, and, in less than five months, 49,388 gold bullion coins were sold out.
Those interested in buying the 2010 American Buffalo gold bullion coins can order them directly from the U.S. Mint. Investing in gold bullion beats investing in financial assets any day. If the global economy decides to continue in the current recessive trend, gold is quite likely to outperform all other investments. Deflation usually sees money deteriorating, with gold bullion investments taking the least impact. So it is not really surprising to see investors who are seeking stability preferring gold bullion.
