The price of gold coins also climbed due to the decline of major stock market averages. All three major averages were down last week.
Mark Pervan, an analyst with ANZ Banking Group, Ltd. wrote in a recent report that gold is “moving in the same direction as oil due to increased safe-haven buying from unrest in Libya and spreading unrest in other key Middle-East oil producers.”
Due to the continued uncertainty in the world, along with the threat of inflation in the United States, investors are buying gold to protect themselves against the painful potential hit to their savings. This is a perfect time to diversify a portion of your portfolio with gold coins. For more information, including a free Investment Gold Guide, please contact Global Gold Group at http://www.aglobalcurrency.com today.