Daily Gold Coin Update
June 12, 2009 – The increasing popularity of gold in the past few years has really astonished me, especially since prior to 2001, the precious metal was looked at as a speculative diversification, but now it seems that wise Americans are turning to bullion and certified gold coins by the masses in order to potentially reap the rewards from gold’s historical ability to profit and preserve hard-earned wealth. In 2001, the gold spot price was sitting at around $250 per ounce, and today it is sitting at around $950 per ounce, more than a 350% increase in value in an eight-year period. During this same eight-year period, stocks, bonds and real estate suffered major losses as mainstream financial markets nearly collapsed nationwide because the United States economy slowly but surely fell into the worst economic recession since the Great Depression. Nowadays, wise American investors are still turning to gold bullion and certified gold coins as their ultimate hedge from inflation, deflation or anything else that could threaten the strength of the United States Dollar down the road. If you are seeking to begin an investment soon, I would recommend that you fully research the market and work directly with an expert in order to potentially maximize your investment potential in both the short-term and long-term.
By around 12:50 PM Eastern Standard Time, bullion coins are headed in the downward direction while several investment-grade certified gold coins are holding on strong to the value as the spot price of the metal tumbles to $938.70 per ounce, a decrease of 1.66% for the day and an increase of 8.12% in the last 365 days.
Arthur McGuire
Senior Staff Writer - Gold-Coin.com
