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Gold Coins Top $1550 Per Ounce

Gold coins were up 1.6 percent in April to close at another record high above $1550 per ounce.

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PRLog (Press Release) - May 3, 2011 - Gold coins were up 1.6 percent in April to close at another record high above $1550 per ounce. It was the precious metals largest price gain and dollar gain since November 2009.

The dollar was soft on Friday in response to signs that economic growth is strong in countries outside of the United States. The Euro Zone economy posted a 30 month high inflation rate in April of 2.8 percent attracting investors to the strength of the European economy. It also created fear that inflation fears would increase around the world and in the United States.

Experts believe that the continuing record high price in gold coins is a true bet against the United States dollar. As the Federal Reserve continues to weaken the dollar, the record price of gold coins is expected to increase.

Global Gold Group can help investors diversify a portion of their portfolio in high quality gold coins. For more information about investing in gold, please visit http://www.aglobalcurrency.com.

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Source:Global Gold Group
Country:United States
Industry:Banking, Jewelry, Government
Tags:gold, gold coin, buy gold, invest in gold, economy, inflation, recession, dollar, gold price, silver price, silver coin
Shortcut:prlog.org/11471287
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