Find Out Why Gold Coin Prices Could Climb Because Of Our Nation's Fiscal Woes Directly At Gold-Coin.com
In spite of a soft start to 2010, a number of factors appear to have gold coin prices primed for an increase. Fiscal woes such as high unemployment, aggressive government spending and continued high debt all work in gold’s favor, combining with strong demand to make gold coins a potentially powerful investment in 2010.
Gold prices rose in 2009 for the ninth consecutive year, jumping from $869.50 per ounce at the end of 2008 to $1,087.50 at the end of 2009. This $218 per ounce increase in gold prices translates to a solid 25% increase for the year. While bullion is directly affected by this jump, certified gold coins profit from the increase as well.
Bullion and certified gold coins are both beneficiaries of rising gold spot prices. Bullion pricing is basically set by the spot price, so a rise in gold price leads directly to an upswing in bullion. Certified gold coin prices are influenced by other factors such as quality and demand for each individual coin, but gold price still has a big role in determining each coin’s value.
Economic stability and the US dollar are key indicators for gold coin prices at this time. If the economy can rebound and the dollar remains strong against foreign currencies, gold prices may suffer. If, as many analysts expect, the economy and dollar fall victim to inflation, gold coin prices stand a very good chance of soaring. As the United States and other countries battle with their fiscal woes, gold coin prices appear to be ready to rise.
Michael Williams
Senior Staff Writer - Gold-Coin.com
