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Home > Gold > AGE's Gold Commentary

AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.

5/21/2002: Gold hits 2-year high! Rally building steam!


Gold up $5 to $316.00

Gold bullion gained $5 on Monday, closing out the New York trading sessions at $316, its highest price in more than two years. Surging after a slipping dollar and a terrorism warning from Vice President Cheney, the gold market continues to lure large investors stymied by red ink in their core stock-market holdings.

We’ve been telling you for more than a year that the inflated dollar and inflated U.S. stock markets would inevitably fall and push the gold price higher, perhaps much higher, in the near future. Just as we predicted, the strongest gold rally in years is now in full swing and shows no signs of slowing down!

Safe haven investment demand increases

Investors around the world are returning to gold in droves as the most attractive safe-haven for capital. The new gold rally is being driven mainly by private investors and professional money managers diversifying into gold as insurance against a weakening dollar and jittery stock markets.

Just as investor demand is skyrocketing, however, the gold supply is actually decreasing. Gold producers have scaled back or reversed their hedges because low U.S. interest rates have almost eliminated the premiums earned by selling forward.

Rising demand and diminished supply means only one thing: sustained increases in the gold price!

In the last 20 years, we've never been more bullish on gold than we are today. As your reliable hard asset advisor, we recommend aggressive purchases of gold now. In today’s environment, gold presents little downside risk and huge upside potential!

Conservative recommendations for gold investors

If you get started now, or add more to your existing gold position, you'll stand to gain the most when the market truly boils over.

Please visit our website,, for more gold investment information.

Power Pair #2 – Our highest recommendation!
U.S. $10 Liberty (MS 63) and $10 Indian (MS 63) gold eagles,

New special for gold investors! These classic U.S. $10 gold eagles are fantastic portfolio builders. In 1989 they traded dealer-to-dealer for more than $5,000. Available today for as low as $1150 per pair, near their lowest prices in 20 years! They offer true scarcity, beautiful designs, and high collector demand at rock-bottom prices. Ready to pop in rising coin market! Don’t miss them. Our highest recommendation!

1-oz. U.S. Gold Eagles

No IRS reporting requirements for these bullion coins.

British Sovereign "Kings" Brilliant Uncirculated

The best classic European gold coin for popularity, price, and scarcity.

$20 Liberty in MS62-64, and $20 Saint-Gaudens in MS63-65

These gorgeous, historic coins offer complete financial privacy, excellent leverage to the gold price, high collector and investor demand, and are still downright cheap today.

Prices are now moving up, but the big price increases are on the way. It's not too late to buy these classic U.S. gold coins near their 20-year lows.

Let me repeat, in 20 years we've never been more bullish on gold than we are today! We highly recommend aggressive purchases of gold now.


Dana Samuelson
American Gold Exchange


Metal Ask      Change
Gold $1,788.24           $0.48
Silver $18.38           $-0.03
Platinum $840.89           $-0.81
Palladium $1,989.60           $5.76
In US Dollars