Daily Gold Coin Update
June 17, 2009 – The increasing volatility with investment markets has caused many investors to ask me, “why buy gold bullion coins now?” The answer is quite simple. The United States Dollar is currently facing a very troubling time, with both deflation and inflation withering the fiat currency to unexpected lows, thus causing lower confidence in its overall strength. To make matters even worse, major countries such as Russia, China, India and Brazil have teamed up in order to challenge the strength of the dollar as the world’s primary reserve currency. Historically, wise American investors buy gold bullion coins as a hedge from both deflation and inflation, but we’ve never faced anything similar to what is occurring today, especially since the dollar is in jeopardy of losing its current reign. In the past eight years, I have seen masses of investors flocking to gold as their ultimate wealth preservation tool, and if this is the type of protection that you seek, it is highly recommended that you research the market and understand the benefits and risks in order to potentially maximize your investment potential in both the short-term and long-term. Don’t wait till it’s too late to protect yourself and your nest egg with one of history’s most preservative assets.
By around 2:15 PM Eastern Standard Time, it appears that many wise Americans are catching on to the current safe haven trend by deciding to buy gold bullion coins as the short-term future of the economy continues looking more uncertain, thus this higher demand has pushed the spot price to $935.30 per ounce, moving up .05% for the trading day and also moving up 1.95% in the last 30 trading days.
Arthur McGuire
Senior Staff Writer - Gold-Coin.com
