Gold passes the 1,270 USD/oz mark

Today was the first day that Gold prices were over 1,270 USD/oz. This without a doubt had to be an exciting day for those that have gold bars and gold coins. Of course, only in the US because while the oz of Gold in the US was going up, in other parts of the world it was going down. This is natural since the USD has been losing value against major currencies. The oz of Gold closed at 1,271.70 USD, I am curious to know what is going to happen tomorrow. Will the oz of gold quoted in USD continue to go up tomorrow or will it scale back down?

Swiss 20 Fr Gold Coin (Vreneli)

Authorized by the law on January 6, 1896, the Swiss 20 Fr gold coin known as Vreneli was the legal tender in Switzerland. Vreneli is a variant of the Latin name "Verena" which means "True." This coin is also known as Helvetiakopf in German, Helvetia Head in English and Tête d'Helvetia in French.

Fritz Landry from Neuchatel, Switzerland, was the designer of this Swiss gold coin and his signature "F. Landry" appears in the obverse of the coin. 

This coin was minted between 1897-1936, and later in 1947 and 1949. All the Swiss 20 Fr gold coins have the mint mark B for Bern, except for re-strikes of 1935 which have LB for Lingot-Bern. The Swiss 20 Fr gold coin weighs 6.45 grams from which 90% of the coin is gold.

The Swiss 20 Fr gold coin minted in 1926 is a key date having the lowest mintage, 50,000 coins and the 1935 LB has the highest mintage, 20,008,813.

Gold passes the 1,250 USD mark

The end of June was the last time that Gold was over 1,250 USD. Today is the first day that it has surpassed the 1,250 USD mark. For the past 4 weeks the price for 1 oz of gold has been in an uptrend. Just a few days ago the prices were flat but after taking a break the uptrend continues. Are we heading for the 1,300 USD mark? If so, when? Can we speculate and say that seeing how things are turning out around the world that golf prices will be above 1,300 USD before year-end?

If so, then it is a good time to buy gold. Although the price of gold in the US has been increasing other parts like in Switzerland it has been going down. Why? Well the USD dollar has been weak against the CHF and other currencies which will have an impact in Gold prices in other countries.One could take advantage of this if they had a way to buy gold in other countries. Imagine this, you are in one country and you have a way to buy gold and save it in another country. Of course you would have to have different currencies and you would have to be careful with the exchange rate.