Daily Gold Coin Update
April 9, 2009 – Investors are flocking to bullion gold coins for the third day in a row, despite a flock to stock markets that is being caused directly due to optimism that the United States economy may recover after the trillions of dollars we have injected in stimulus and bank bailout packages. It’s odd that so many American investors believe that the economy is recovering when banks have already reported nearly $1.3 trillion in credit losses and write-downs directly related to the negative sentiment of the financial crisis. According to several articles on Bloomberg.com, the United States Government and Federal Reserve have already spent and loaned more than $10 trillion since December 2007 in an attempt to prevent an absolute collapse of this economic system. The worst thing is that these attempts may simply have been a short-term resolution that is accumulating in a long-term danger named hyperinflation. Fortunately, since the beginning of the recession wise investors have been able to protect their hard-earned wealth by diversifying into bullion gold coins or certified investment-grade rare coins.
Bullion gold coins are moving up in value little by little along with the spot price of the metal that currently sits at $881.60 per ounce, moving up $1.60 for the trading day yet moving down $16 in the last 30 trading days. Don’t wait till it’s too late to diversify into precious metals, especially since precious metal researcher GFMS is projecting that the spot price of gold could surpass the all-time record high due to heightening inflation concerns.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
