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Gold Coin Traders Set Sights on QE3

The disappointing job numbers released on Friday significantly increased the likelihood that the government will have to implement another round of economic stimulus.

 
PRLog - Sep. 6, 2011 - The disappointing job numbers released on Friday significantly increased the likelihood that the government will have to implement another round of economic stimulus. The fact that the United States economy failed to create any jobs in the last reporting period means that the economy could be heading towards a double-dip recession.

Gold coin investors were eagerly awaiting the Federal Reserve’s next policy meeting in September to see if the agency planned more stimulative activity to jump start the economy.

"We would not be surprised to see gold revisit fresh all-time highs in the next few weeks," Ross Norman, chief executive of London bullion dealer Sharps Pixley told Dow Jones Newswires.

The downward pressure on the United States dollar of additional economic stimulus would be positive for the price of gold coins. Traditionally, when the value of the dollar declines, the price of gold goes up.

At Global Gold Group, we can help you take advantage of the potential upcoming bullish trend in the price of gold. We offer high quality government issued gold bullion coins as well as collectable pre-1933 gold coins. For more information, including a free Investment Gold Guide, please check out our website at http://www.aglobalcurrency.com.

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Source:Global Gold Group
Country:United States
Industry:Banking, Jewelry, Government
Tags:gold, price of gold, invest in gold, bullion, gold coin, bank, Finance, stocks, economy, stimulus, government, qe3, fed
Shortcut:prlog.org/11649709
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