Daily Gold Coin Update
April 13, 2009 – The prices of safe haven precious metals such as the Canadian Maple Leaf gold coins are beginning to rebound this week as many American investors are eagerly awaiting the results of the latest corporate earnings which are expected to fall short. Many large American corporations are under a strict watch at the moment, and General Motors in particular is preparing to file bankruptcy by June 1 by command of the United States Treasury Department. The future could continue being turbulent as corporations around the nation began to flounder as a result of this worsening financial crisis that is only expected to get worse. Fortunately, the negativity with mainstream financial markets could continue being beneficial for precious metal products such as the Canadian Maple Leaf gold coins that historically react adversely to weakening fiat currency and tumbling stock values. So far, so good, and if momentum continues building up, we could probably see the latest market projections become a reality by around summertime.
Today the Canadian Maple Leaf gold coins are showing moderate gains with the spot price of the metal that has already risen to $894.40 per ounce, jumping up $15.20 for the day yet falling $30.50 in the last year. It seems like the overall demand for physical possession precious metals is increasing in the United States, and it’s important to know that several international financial markets are closed today, meaning that tomorrow we could see some significant price fluctuation with stocks, the United States Dollar and safe haven precious metals.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
