Two days ago I posted the US Mint (Established 1792) press release regarding the Issue of the New American Buffalo 24-Karat (.9999) Gold Coin which is authorized by the Presidential $1 Coin Act.
I was thinking about this and discovered some interesting facts:
The new gold coin design mimics the design of the 1913 Buffalo nickel. Coincidently the Federal Reserve was founded exactly the same year – 1913.
As for the design – this are my thoughts:
1) The new Buffalo gold coin purity is upgraded vs the Eagle gold coin from .9167 to .9999 symbolizing that gold is getting more important monetarily – not less!
2) The Buffalo is the largest terrestrial mammal in North America, and one of the largest wild cattle in the world. Symbolize that this is indeed the Great & Wild Bull market in gold. Biologically the buffalo is part of the Bovine subfamily which is a diverse group of about 24 species spreading worldwide – symbolize that this is GLOBAL and Diverse Bull Market – all nations will participate.
3) The observe design feature an Indian head which symbolize and emphasize Wilderness and Leadership – gold will trade wild and will certainly lead.
There you have it, all the characteristics of this GREAT WILD GLOBAL GOLD BULL MARKET
hey! don’t forget silver :)