$20 Gold Coin
March 13, 2009 – Gold is continuing its fierce rebound after hitting $895 per ounce earlier in the week and it seems like investors are beginning to take advantage of the market by purchasing $20 gold coin such as the Saint-Gaudens and Lady Liberty Double Eagles. Although modern-day bullion products like the American Eagles and Canadian Maple Leafs are increasing in popularity, the increasing potential of certified investment grade rare coins is striking much attention to investors who are looking for both a store of wealth and a profit-taking tool during this worsening financial crisis. It’s no doubt that the global economy is in serious trouble, and with the United States Dollar under pressure while the majority of other investment markets slump, precious metals like the $20 gold coin could become the winner in the race for the ideal asset to own in this recession. Let’s see what the rest of the year has in store for us, but let’s not forget to diversify well while we can in order to see a brighter tomorrow.
Today the daily market spot price is increasing the value of the $20 gold coin Double Eagles as it climbs to $930 per ounce, moving up $2.90 for the day yet still moving down $9.10 for the month. Market analysts and financial institutions are still saying that the metal is an exceptional buy and simply by comparing the gains and losses between precious metals and equity markets it’s easy to see what could be the reigning investment throughout 2009.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
