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Central banks and the International Monetary Fund play an important role in the gold price. At the end of 2004 central banks and official organizations held 19 percent of all above-ground gold as official gold reserves. The Washington Agreement on Gold (WAG), which dates from September 1999, limits gold sales by its members (Europe, United States, Japan, Australia, Bank for International Settlements and the International Monetary Fund) to less than 400 tonnes a year. European central banks, such as the Bank of England and Swiss National Bank, have been key sellers of gold over this period.
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Krugerrands are the best known of all the modern one ounce gold bullion coins, and are more readily available in greater quantities and can generally be bought at lower prices than any other one ounce bullion coins. They are not especially attractive, when compared to sovereigns and they do not possess much in the way of historical interest. But what they do have is consistent high production quality and they are a cost effective way for small investors to buy gold.
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The paper money collecting hobby has been very well established for decades and there are many thousands of collectors worldwide. Paper money collectors are not as common as coin collectors, but they are still very active and have extensively developed the hobby. Many very specialized coin groups deal heavily in paper money as well.
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Your Latest gold dollar coins News

Harmony confirms 80% of poweriAfrica.com, South Africa - 15 minutes agoHarmony Gold Mining confirmed that it was allocated a further five percent electricity supply on Tuesday following meetings with South African power utility ...HMYUpd

Wed, 30 Jan 2008 12:49:26 +0100
The Times, South Africa -By noon, the JSEA
s broader all share index had collected 1.1%, led by a 2.52% advance in the gold mining index. Resources were up 2.06% and the platinum ...

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U.S. Mint says no more quarter-ounce and half-ounce American Eagle gold bullion coins in 2008

Thu, 16 Oct 2008 16:02:00 +0000
No more quarter-ounce and half-ounce American Eagle gold bullion coins will be struck in 2008. The Mint has thrown in the towel in trying to keep up...



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“Brand New” Ancient Roman Gold Coins in Heritage January 2009 NYINC Auction

Thu, 23 Oct 2008 14:32:28 +0000
Rare and important Coin Medallion of Hadrian Augustus also headlines
A trio of exceptional coins from ancient Rome is being offered in Heritage Auction Galleries’ Signature® Auction of Ancient & World Coins to be held at the New York International Numismatic Convention, in New York City on January 4-5, 2009. The Heritage auction and the Convention ...]


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