Daily Gold Coin Update
April 15, 2009 – Short-term inflationary worries seem to be easing a bit today after the latest positive economic data by the Labor Department and the United States Government, yet wise investors are still deciding to buy gold bullion coins especially since long-term inflation is expected to arise unless a massive preventative effort is taken as of now. Stocks around the globe are retreating after a powerful rally, and the MSCI World Index of stocks has fallen .6%, which is the second straight day of declines. Many American investors are also taking a closer look at some of the latest economic data, and it appears that more than 27% of companies in the Standard & Poor’s 500 Index are reporting negative quarterly earnings so far this year. This is creating some small speculation that the global recession may actually be getting worse, and wise investors are rethinking their investment decisions by switching out of unstable stocks and deciding to buy gold bullion coins that may thrive during this financial crisis. Fortunately, prices on these coins are much lower than projected, so this could signal the excellent time to enter the market.
By around 1 PM Eastern Standard Time, it appears that more American investors are making the wise decision to buy gold bullion coins, and this is being shown by the increasing spot price of the metal that currently sits at $890.90 per ounce, jumping up .18% for the day yet still falling down 4.14% in the last month. All eyes are currently on the upcoming economic data from such companies like Harley-Davidson and J.P. Morgan Chase & Co.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
