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Citigroup Analyst Sees Gold Stable at $1500

A major gold bullion analyst at Citigroup reported last week that he expected the price of gold to remain stable at around $1500 per ounce.

 
PRLog - July 5, 2011 - A major gold bullion analyst at Citigroup reported last week that he expected the price of gold to remain stable at around $1500 per ounce. He cited demand from the Chinese government and other central banks around the world for the gold price stability prediction.

Gold coin prices below the $1500 stability level predicted by the Citigroup analyst could create an attractive entry point for gold coin investors. Buying gold coins at the current level around $1482 could be a strong opportunity for potential long term gains.

Buying gold coins during this time of continued economic stresses could be a wise move to diversify your portfolio against the ravages of inflation and currency devaluation. While the dollar has declined in value over the past ten years, the price of gold is up more than 400 percent during the same time period.

We have high quality government issued gold bullion coins available for investors buying gold as well as pre-1933 collectable gold coins. Visit our website at http://www.aglobalcurrency.com today for our free Investment Gold Guide.

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Source:Global Gold Group
Location:United States
Industry:Finance, Jewelry, Banking
Tags:gold, gold coins, invest in gold, price of gold, gold bullion, gold price, how to buy gold, gold price prediction
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