MoneyRates Blog

Gold Tops $1,000 an Ounce

February 20, 2009
By Clark Schultz | Money-Rates Columnist

Gold investors have bid up the price of gold to over $1,000 an ounce after country-after-country around the world have lowered their benchmark interest rates, passed sweeping stimulus packages, and nationalized banks in an orchestrated effort to combat the global economic recession.  Gold, the fallback position for investors for centuries in times of turmoil, has [...]

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U.S. Mint Halts Sales of American Buffalo Gold Coins

September 29, 2008
By MoneyRates team | Money-Rates Columnist

Last week the U.S. Mint temporarily halted the sale of one of their most popular gold coins due to consumer demand. Spokesman for the U.S. Mint, Michael White, announced the suspendedsales of the Buffalo 24-karat gold coin which was first introduced in 2006.

Gold dealers have stated that demand for gold coins has skyrocketed in 2008 [...]

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