Daily Gold Coin Update
June 25, 2009 – The increasing instability with dollar-backed investments has caused many wise American investors to seek alternatives to stocks, bonds and real estate, and today I would like to focus on the certified gold coin that has slowly but surely become a favorite to many investors throughout the last eight years. The certified gold coin is very different than modern-day bullion coins like the American Eagle because they are pre-1933 coins that have been certified by a reputable third party certification agency such as the Professional Coin Grading Service or the Numismatic Guaranty Corporation. These two companies classify a certified gold coin depending on its condition and rarity. Many investors think that these coins are strictly for collectors, yet in the past eight years their popularity has increased significantly in investment portfolios nationwide as masses of investors began seeking a less volatile, long-term alternative to modern-day bullion products. Investment-grade certified rare coins have proven their ability to appreciate in value over time, because in the end, do you know any antiques that lose value as the years go on?
By around 4:30 PM Eastern Standard Time, several investment grade gold coins are extending their gains for the third consecutive trading session as the daily market spot price of gold continues to climb as a result of a weaker United States Dollar, thus the metal is currently trading at $939 per ounce, jumping up .74% for the day and also jumping up 6.07% in the last 365 days. Several interesting short-term market projections are forecasting $950-$960 per ounce by next week as safe haven demand continues to climb.
Arthur McGuire
Senior Staff Writer - Gold-Coin.com
