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Here is another commentary on the recent rises in the price of gold, with some interesting predictions about what will happen in the medium term. As usual, the focus is on inflationary pressures on currencies, and the likelihood that governments will all take the easy way out and let inflation reduce the value of their debts. Since more gold can't be created and issued, the price of gold in these inflated dollars is bound to rise. The issue covered in the comments following the article is also the same as usual: is this the 'top' of the gold price, and so a bad time to be buying? Anyone who follows the discussions on the gold buyer and gold bullion boards will be familiar with the arguments, and of course those selling you gold will want to argue that gold will be going to $3,000 an ounce soon, so today's price is 'really' still a bargain. As a buyer who buys gold coins at online auctions, there is no doubt the price being asked for gold coins on the open market is creeping up. If you are buying as a medium-long term investment, then prices are still acceptable. Just decide on your max bid, and stick to it. On another note, if you are a collector of rare gold coins, check this site which has beautiful illustrations of some of the best old American gold coins in existence (see 'Coins we love").
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Gold Coins blog 
