Daily Gold Coin Update
March 30, 2009 – Many wise investors around the country are beginning to purchase 24k gold coins for both physical possession investing usage and retirement account diversification. These 24k gold coins are an ideal investment for those looking to hold the metal in its purest form in a visually appealing package. There are many reasons why so many people have been diversifying into precious metals lately, but it really all comes down to the insecurity that investors are experiencing with stocks and bonds as a result of failing corporations during the worst financial crisis since the last Great Depression. For example, if we compare the value of 24k gold coins versus stocks, we can see that the metal has increased in value 4.8% this year while the Dow Jones Industrial Average has decreased in value 11.4% this year. This is a significant difference that wise Americans should take advantage of in order to not only protect their wealth, but possibly profit if spot prices continue increasing to their projected highs.
During the midday trading hours, gold seems like it’s the only precious metal that is increasing in value, and it currently sits at $925.30 per ounce, climbing up .24% for the trading day but still falling 1.52% for the month. Short-term projections are expecting further growth by the end of the week, and the average could be $960 per ounce by Friday. Happy investing and don’t forget to diversify your assets appropriately if you feel that safe haven investments are the way to go.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
