American Bullion -- Buy Gold Bullion And Protect Your Savings

Friday, June 04, 2010 at 06:11am

June 4, 2010, Los Angeles – Gold bullion prices closed lower as the euro slipped against the dollar on Thursday. Investors typically accumulate physical Gold for their portfolios during small dips such as these.

Fears, that euro zone credit problems are spreading, help to keep Gold's safe haven appeal intact. "I think that it will be premature to say that the safe-haven demand for gold is going to diminish. European countries are still adjusting some of their fiscal difficulties," said David Moore, commodity strategist at Commonwealth Bank of Australia in Sydney.

"A lot of those issues remain not fully resolved at this stage," he added. Investors are awaiting the release of U.S. jobs data that’s forecast to show the biggest jump in U.S. employment since 1983 with over 500,000 non-farm jobs expected to have been added to the economy.

Finance ministers and central bankers from the G20 countries are meeting in Busan, South Korea on Friday and Saturday. A G20 source said Thursday that the Group of 20 leading nations will be asking regulators to consider making hedge funds, derivatives and credit rating agencies more transparent.

The Pentagon has denied reports from Seoul that a joint U.S. South Korean naval exercise is scheduled to begin next week in response to an international investigation that showed North Korea sank the South Korean ship, Cheonan, killing 46 South Korean seamen in March.

Pentagon officials also denied any plans for a U.S. aircraft carrier to be involved in military exercises off the Korean coast. Pentagon Press Secretary Geoff Morrell said "no carriers are going anywhere near the Korean peninsula anytime soon."

Physical Gold remains one of the safest investments available to investors. Astute investors are buying Gold coins and Gold bars as an alternative to currencies. Buy Gold bullion and protect your savings from diminishing currency values.