UNEMPLOYMENT RATE DIPS TO 9.4%

Gold Coin Dealers Anticipate Greater Investment

There is good news on the unemployment front, as the unemployment rate dipped to 9.4%. The country is still losing jobs at a rapid rate, however, the job loss rate is not as bad as it was. This news made the equity market rally, with the Dow reaching a high of 9,360 before easing back to a gain of 57 points at 9,313. The dollar also rallied on the news, up 34 basis points to 78.39 and oil fell back $.51 to $71.44 a barrel. In the metals markets, and of interest to those who own gold coins, gold started the day in negative territory, and then rallied to a high of $968 before falling back $5 to break below the $960 level. Silver, on the other hand, held steady at near unchanged. The unemployment rate dip, coupled with the modest upswing in the market, has given to speculation that investors will be looking to put their money into more secure assets, like gold and silver coins.

The activity in gold is being driven largely by a movement of money out of commodities and into equities, like gold coin bullion, on this news. However, the fact remains that if the economy is indeed recovering, then inflationary pressures will emerge sooner rather than later and that will be bullish for gold; a boon to those already invested in gold coin bullion. We continue to hear analysts calling for gold at $1,000 an ounce before year end, making gold coins attractive for those who are concerned about their jobs, but still employed in this uncertain time. There are many reasons for these optimistic forecasts; good news to those who already own gold coins and motivation for others to invest in gold coins while prices are still low. Not the least of which is the expectation of rising inflation and a falling dollar. Given the tremendous expansion of government spending and the enormous increase in deficits, combined with the explosion in money supply, there is little doubt in analysts' minds that the dollar will be on a more pronounced declining trend. For the moment, it is in a bear market rally. However, the overall trend for the dollar is significantly lower.

A number of analysts said gold is just simply following the dollar for now, as it remains in the summer doldrums. However, if the economy is recovering on a global basis, then global gold and precious metal jewelry demand will increase, and again, that is a bullish factor for gold of all types, including coin assets. In fact, it is difficult to discern any factors that would be significantly negative for the metals market and negative for those invested in gold and silver coin assets. Perhaps that is why a survey of hedge fund managers showed that 91% of those surveyed had purchased gold for their own personal accounts. They are looking to protect their accumulated wealth by owning gold.

The European central banks that are party to the Central Bank Gold Agreement have renewed their five-year gold agreement, which will lower the annual sales limit to only 400 metric tons of gold. It will also allow for the IMF to join as a new signatory, if it wishes to do so. This now makes clear that any sale of gold by the IMF would be insignificant. There will be less and less gold coming to market from central banks in the form of coin bullion. This year, analysts are estimating that the total amount of gold sold under the agreement that allows for 500 tons of gold to be sold, will be only 140 tons of gold. One of the important comments concerning gold from the announcement of this agreement is the statement, "Gold has been over the last years probably the most stable currency." This is something that has been true throughout time. Gold is always the single most stable currency of all. That is why gold is held by central banks and that is why gold is an asset that should be considered for one's portfolio. If you wish to preserve wealth over the long term, then you need to own some gold in the form of historic coins or bullion. Looking at the statements coming from the European central bank signatories to this agreement, it is likely that sales will be severely limited going forward, so that gold dealers will have to get their coin and bullion offerings from alternative sources.

Analysts told the Dow Jones Wire Service that gold is steadfastly grinding towards a sustained break of $1,000 an ounce; great news for those who own gold. Barclay's Bank said they expect a substantial move upward in the near term. They said to the Dow Jones Wire Service, "According to Barclay's Capital technical analyst, the range of the past 16 months is very similar to the consolidation period back in 2006 and 2007 before the break of $845 an ounce for gold, the previous record high for gold seen in 1981 'as such, into the 4th quarter, we expect a return to the secular bull trend for a move toward the $1,033 (March 2008) peak and beyond'." Concerning the price of gold, they stated further, "I think we will see a breach of $1,000 in the next four to six weeks and will then move to a whole new higher trading range," said a senior commodities trader at a European bank in Singapore. Anderson Cheung, Director of precious metals at Mitsui Bank in Hong Kong said he expects gold to test $1,000 by September at the latest, as the metal, along with other commodities, benefits from a long-term reallocation of fund investment into commodities.

Given the comments from these major market analysts from major banks, I think it is imperative that investors pay attention and begin to acquire precious metal assets, including gold coin bullion, at these bargain-basement prices. Call Goldline at 1-877-341-2646 for assistance in getting started with gold and silver coins. You can also receive the free information package, which contains the actual quotes from many of the analysts that I refer to in these commentaries. You will also see comments about the dollar being replaced as the world's reserve currency. Along those lines, British Airways has begun to designate its limits of liability in SDRs issued by the IMF. This is a form of global currency, which is now being used in commercial or retail transactions by British Airways. I suspect others are doing the same. Call Goldline today to learn more about the movement away from the U.S. dollar and towards a new global reserve currency. This is important information for everyone. Call Goldline at 1-877-341-2646.

Investors should ask Goldline to explain the features, benefits and cost structure of the various gold and silver coins that are available to you. Select those that best meet your own personal and individual investing needs and objectives. Investors looking for low transaction costs may wish to consider gold coin bullion assets such as American Eagles, Swiss 20 Francs, Krugerrands and Canadian Maple Leafs, in addition to Silver Bags or Silver Bars. However, the Price Guarantee Program is not available with these gold and silver assets.

If you would like to take advantage of the Price Guarantee Program, which provides you with a two-week window of opportunity in which to re-price your order in the event of a correction, you must select gold and silver coin assets with some collectible value such as 20 Francs, Double Eagles and Silver Dollars. Call Goldline at 1-877-341-2646 for further information on which gold and silver coin assets qualify for the Price Guarantee Program.

To receive the free information package, including articles on the dollar, the economy and gold, call Goldline at 1-877-341-2646. Goldline also provides several other helpful articles on gold. There are a number of other independent third-party source articles that you will find extremely helpful and informative. You will also receive the Client Account Agreement, a company brochure and a Coin Facts Risk Disclosure booklet. Read these carefully before you make a purchase. Call Goldline at 1-877-341-2646 now to receive your free information package.