Daily Gold Coin Update
February 25, 2009 – The latest news of the United States economy being in a severe contraction and that our economic recession may last until 2010 is sparking safe haven demand for precious metals and many wise investors around the world have decided to buy gold bullion coins once again in order to test the potential preservation and profitable attributes of the metal. This morning we saw stocks increase in value while precious metals were declining but shortly after the market opened up in New York, both began to run in adverse directions with gold looking like a winner for the day. The increased long-term demand by people looking to buy gold bullion coins has increased significantly in the past few weeks and as the financial crisis continues to wreak havoc in the minds of investors, we may see many more deciding to pick up a few American Eagles while they still can.
Many banks and financial institutions as well as market analysts have recommended that investors keep an eye on the stock market as well as the United States Dollar before deciding to buy gold bullion coins in order to enter the market at the ideal time. Today we are seeing the usual rebound in spot price, with the metal moving up to around $973.50 per ounce, an increase of 1.12% for the trading day and also an increase of 7.89% in the last 30 trading days. 2009 looks like it may be a good year for precious metal investors so good luck investing and remember to diversify well.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
