Daily Gold Coin Update
June 9, 2009 – It appears that American investors are currently flocking to gold yet again as the United States Dollar takes a step back, and today I would like to focus on the beautiful Canadian Maple Leaf coins that are becoming a popular choice for investors who seek a short-term profit-taking vehicle. The Canadian Maple Leaf is a very distinct coin because its unique design and pure 24-karat gold purity makes it one of the most exquisite bullion coinages available to investors. The popularity of these coins has increased significantly since the early 1980’s, especially since it was the first pure gold bullion coin available to investors in the United States after the gold standard was lifted in 1974. Nowadays, many investors are turning to the Canadian Maple Leaf coins as a hedge from inflation, which is currently growing at a dangerous rate. Wise American investors who feel that they could protect their hard-earned wealth with one of history’s most preservative assets are making the effort to diversify into safe haven metals before the financial crisis gets any worse.
By around 1 PM Eastern Standard Time, both bullion and several investment-grade rare coins are rebounding in value today after small declines that have been seen in the past few days based on a stronger United States Dollar, yet as the dollar retreats today, the gold spot price climbs to $956.40 per ounce, moving up $5.20 or .55% for the trading day and also moving up $63.30 or 7.09% in the last 365 trading days.
Arthur McGuire
Senior Staff Writer - Gold-Coin.com
