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Upcoming Government Bond Auctions Strengthen Gold Coin Prices
This week could be a good week for the price of gold coins.
On January 12, Portugal is expected to sell bonds due in 2014 and 2020. Meanwhile, on January 13 the government of Spain will sell 2016 bonds and Italy will attempt to sell long term bonds due in 2014.
The selling of long term bonds is expected to put downward pressure on the Euro and could also impact the dollar. Traditionally, as the dollar decreases, the price of gold increases. That has investors looking to invest in gold coins before the upcoming bond auctions.
Gold coin investors still have time to speak to a representative at Global Gold Group prior to the Portugal bond sale on Wednesday. Don’t delay; check out their website at http://www.aglobalcurrency.com today.