American Bullion -- Invest In Gold Coins Today

Monday, June 07, 2010 at 06:12am

June 7, 2010, Los Angeles – Gold bullion prices rallied as the euro tumbled to a new four year low against the dollar on Friday. Luxembourg Prime Minister Jean-Claude Juncker said on Sunday that he is not worried about the euro's current level.

“The euro in the eyes of the markets appears very weakened,” Juncker said. “I was surprised by the speed of the fall. I wasn’t worried about its current level.” On Friday the euro zone currency dropped to its lowest level versus the yen since November 2001.

The Hungarian forint sank to an almost 15 month low against the dollar on concerns that Hungary could default on the repayment of their debt. As an alternative to currencies more and more investors are diversifying their holdings into Gold coins and Gold bars.

Investors were disappointed with the U.S. jobs data report on Friday that showed private payrolls rising only 41,000 in the month of May. “It’s going to be a long haul,” Michael Englund, chief economist at Action Economics LLC in Boulder, Colorado, said before the report was released.

“We really aren’t adding many jobs. We’ve lost some momentum in the economy and final sales clearly aren’t enough to generate job growth.” The lack of job creation in the private sector suggests the U.S. economy isn't growing as rapidly as expected.

Bernanke said joblessness is one of the “important concerns” for economic recovery. “One particularly difficult issue is the continued high rate of unemployment,” Bernanke said while at the Chicago Fed’s Detroit office.

“High unemployment imposes heavy costs on workers and their families, as well as on our society as a whole.” With global currencies weakening and government debt mounting, $1500 Gold bullion seems much more likely this year.

The current condition of the European currency markets leaves only one safe investment and that is physical Gold bullion. Invest in Gold coins today.