October 25, 2010 – Gold bullion values leveled out today after a week of plummeting prices. The gold bullion spot price is currently at $1325 per ounce on the COMEX, and prices for gold bullion items are as follows:
1 ounce pure gold bar: $1364
1 ounce $50 American gold Eagle: $1407
1 ounce $50 Canadian gold Maple Leaf: $1393
1 ounce $50 American gold Buffalo: $1386
1 ounce South African gold Krugerrand: $1393
Prices for fractional gold coins, as well as silver and platinum bullion items, can be obtained by calling the Gold-Bullion.org quote line at 1 (800) 300-0715 which is toll-free. The gold bullion market fluctuates daily and investors who are new to precious metals should realize that there is a substantial amount of risk involved.
Gold bullion is near a historical high and some analysts believe it has peaked for the current cycle. Others say that gold bullion will rise in value and that due to the government’s spending habits gold bullion will once again be confiscated to pay down our national debt. If either of these scenarios are true, an investment in gold bullion could leave you disappointed.
Gold bullion investing is ordinarily a day trader’s market; the daily breathing of the market and the technical factors are carefully tracked in order to maximize profits. If you plan on holding your metals indefinitely then certified gold may serve you better than gold ingots and bullion coins.
For more information on and to buy, sell, and trade precious metals please call us toll-free at 1 (800) 300-0715 or get one of our award-winning investment guides mailed to you free.
