Britain Gold Sovereign Coins

Welcome to my site! We have the Britain Gold Sovereign Coins information that you are looking for.

Gold Hits 4 Figures in Euros, Dollars and Pounds - Britain Sees Signs Austerity Will Pay by Jon Hunt

Gold hit four figures in Dollars, Pounds and Euros this week, for the first time ever, as crisis contagion fears, this time over Italy and Spain, stalked markets worldwide, and poor US economic data piled in on top of Eurozone woes.

It looks as if it might all be starting to come unravelled. The profligate spending of Europe and America might now be really coming home roost. Stock markets are getting hit hard.

Recent events have hit both the Dollar and Euro hard, but Britain on the other hand, seems to have emerged as something of an unlikely safe haven. The yields on British treasury bonds have reportedly touched the lowest since 1946 this week. This could be interpreted as a clear vote of confidence by markets in Britain's course, at least in comparison to the rest of Europe. And while Britain has turned in less than impressive economic statistics this week, they have not been awfull, and that may be all it takes these days to be seen as a safe haven.

But too much of a good thing is seldom all good, and this week, the Swiss National Bank cut interest rates, and threatened direct intervention in an effort to stem the flight to the Swiss Franc. Japanese policy makers have also been trying to contain the rise of the yen, in an effort to keep their exports competitive. All of this would seem to indicate low interest rate policy in solid economies as they try to protect their exports, and low interest rate policy in economies that are saddled with huge debts as they try to grow their way out of trouble. It is now getting hard to see, where the headwinds for precious metal prices might come from. This also adds up to something else that is historically good for Gold. Inflation.

Anticipation of a new round of quantitative easing (QE3), in response to poor US GDP data, also look likely to be supportive of hard assets including Gold and Silver. If QE3 comes to pass, (though policy makers are likely to do everything they can to avoid calling it QE), it could be the trigger to kick Gold and Silver bullion prices much higher still.

In fact, predicting the top in Gold prices seems to have become an increasingly incredulous endeavour, particularly for those who remember buying 1 ounce Krugerrands for 300 pounds each in the not too distant past. The very same Gold bullion coins today sell at well over 1,000 pounds. But with events unfolding on both sides of the Atlantic as they are, it is becoming ever more difficult to see where prices could stop.

It seems that Gold has now established itself very firmly its safe haven status. As I write on the morning of 5 August 2011, Stock markets are tanking on sovereign debt fears and Gold and Silver are about the only asset classes that are up.

Jon Hunt is the founder of BullionSupermarket.com - The webs premier Gold & Silver price comparison site for bullion coinage and bars. For news, information and Gold and Silver market intelligence  - Gold, Silver and Platinum prices, premiums, supply and demand visit BullionSupermarket.com

Article Source: http://www.earticlesonline.com/Article/Gold-Hits-4-Figures-in-Euros--Dollars-and-Pounds---Britain-Sees-Signs-Austerity-Will-Pay/1180092

FEATURED PRODUCTS:

A great place to shop for Britain Gold Sovereign Coins products is Amazon.

Check out these fine shops that offer Britain Gold Sovereign Coins products:

Other Products purchased from this website:
great britain 12 sovereign km784 vf gold coin victoria 1893, great britain 12 sovereign km819 xf gold coin george v 1914, great britain 12 sovereign km804 vf gold coin edward vii 1907, great britain 12 sovereign km804 vf gold coin edward vii 1903, 1912 grbritain george v gold coin sovereign ngc certified genuine graded top, great britain 1907 edward vii half sovereign gold coin as shown, 1903 grbritain edward vii gold coin sovereign ngc cert genuine graded blazing, great britain half sovereign 1982 gold coin, 1907 great britain edward vii gold sovereign coin 25 oz, 1825 british sovereign gold george iv coin britain 22k, 1911 great britain gold sovereign king george v 2354 oz great coin, 1908 grbritain edward vii gold coin sovereign ngc certified genuine graded top, 1907 grbritain edward vii gold coin sovereign ngc cert genuine graded top gem, 1984 great britain gold 3 coin sovereign set ngc pf69uc, 1989 elizabeth ii great britain 500th anniversery gold full sovereign coin , 1883 great britain 12 sovereign gold coin rare shield variety rare sydney mint, great britain gold coin sovereign 1967 unc, 1986 great britain half sovereign gold proof coin, 1911 great britain gold full sovereign coin rare high grade, great britain gold coin 12 sovereign 2002 proof low mintage rare, great britain uk 1986 gold sovereign proof 3 coin set 2795 grams of 22k , 19641985 great britain 1 full sovereign collection ngc pr67 pr69 gold coins x5, 1986 great britain 3coin sovereign proof set, 1887 britain victoria gold coin half 12 sovereign ngc cert genuine graded top, 1887 britain victoria gold coin half 12 sovereign ngc cert genuine graded gem, 1908 grbritain edward vii gold coin sovereign ngc certif genuine graded ms 61 a, 1910 grbritain edward vii gold coin sovereign ngc certif genuine graded ms 61 a, 1910 grbritain edward vii gold coin sovereign ngc certified genuine graded gem, 1912 grbritain george v gold coin sovereign ngc certified genuine graded gem, 1914 grbritain george v gold coin sovereign ngc certif genuine graded ms 62 gem, 1914 grbritain george v gold coin sovereign ngc certified genuine graded top, 1914 grbritain george v gold coin sovereign ngc certified genuine graded rare, 1925 grbritain george v gold coin sovereign ngc certif genuine graded ms 63 gem, 1958 britain q e ii gold coin sovereign ngc certif genuine graded ms 63 gorgeous, 1958 britain q e ii gold coin sovereign ngc certif genuine graded ms 63 pristine, 1958 britain q e ii gold coin sovereign ngc certif genuine graded ms 63 lustrous, 1958 britain q e ii gold coin sovereign ngc certif genuine graded ms 63 blazing , 1965 britain q e ii gold coin sovereign ngc certif genuine grade ms 63 sparkling, 1859 great britain model money half sovereign not gold token coin 12977, 1872 great britain model money half sovereign not gold token coin 12978, 1854 great britain model money half sovereign not gold token coin 12976, 1958 britain q e ii gold coin sovereign ngc cert genuine graded ms 64 gorgeous, 1958 britain q e ii gold coin sovereign ngc cert genuine graded ms 64 pristine, 1958 britain q e ii gold coin sovereign ngc cert genuine graded ms 64 lustrous, 1958 britain q e ii gold coin sovereign ngc cert genuine graded ms 64 blazing , 1965 britain q e ii gold coin sovereign ngc cert genuine grade ms 64 amazing, 1965 britain q e ii gold coin sovereign ngc cert genuine grade ms 64 pristine, 1965 britain q e ii gold coin sovereign ngc cert genuine grade ms 64 lustrous, 1965 britain q e ii gold coin sovereign ngc cert genuine grade ms 64 gorgeous, 1913 grbritain george v gold coin sovereign ngc certified genuine graded scarce

Tagged with: coins • gold

Filed under: Coins: World

Like this post? Subscribe to my RSS feed and get loads more!