Oil and Gold Coin Prices Jump in Price

Feb. 28, 2011 - PRLog -- Continued tensions in the Middle East are pushing the price of oil and the price of an ounce of gold higher. Oil was quickly approaching $100 per barrel and the price of gold coins hit $1,415.15 per ounce – up 1.5 percent last week. It was the fourth straight week of price gains for gold coins.

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.