Gold Price Climbs Amidst Record Central Bank Buying and Tensions in the Middle East

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The spot price of gold rocketed past $2,400 per ounce in Asia this morning, topping out at $2,429.70 before the tamp down by the Wall Street after the New York opening bell. By afternoon, the price had settled down to around $2,342, $87 lower.

Even though gold prices continue to trend upwards, consumers demand for gold in the United States keeps getting stronger.

Buying Guide: Vintage Fractional Gold Coins

1919 British Sovereign Gold Coin contains .2354 oz

Fractional gold coins are one of the easiest and most affordable ways to buy gold coins. However, modern fractional gold coin premiums can seem extremely high relative to their full troy ounce counterparts.

Fractional gold coins have been circulated as currency for hundreds of years. As a result there are many different vintage fractional gold coins available that carry a lower premium than their modern equivalents.

US Government Debt now over $33.88 Trillion, USDebtClock.org

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Earlier this year, the US Government hit a new milestone. The amount of government debt in the United States has grown to exceed $33.88 Trillion as a result of overspending by elected officials. The growing U.S. government debt is a complex issue with significant implications for American citizens and taxpayers.

Sales Tax When Buying Silver and Gold

$20 Liberty Double Eagle Obverse

The notion of sales tax on precious metals investing is a contentious issue to some and represents a line in the sand between some legislators and investors. Despite the long history of gold and silver being recognized as money, many states continue to tax their citizens for the privilege of owning these metals.