Daily Gold Coin Update
January 27, 2009 – Certified coin investments remain stable today despite some small losses in the daily market spot price of gold due to short-term selling from investors looking to make a hasty profit. Gold falls for the first time in four trading days and the rally that we just experienced in the last two weeks is expected to continue once further news of the worse economic recession hits home. The economy is only getting worse by the day and yesterday alone, 50,000 Americans lost their jobs and this is only the beginning of the mayhem that lies ahead. Most people are very anxious to see what President Barack Obama will do with the United States and whether or not he can actually fix the problems we’re experiencing right now. Whether or not his $825 billion stimulus plan actually aids us, one thing is almost certain, and it’s the fact that long-term inflation can occur from this massive injection of money put into a failed banking system, which in turn could raise the value of certified coin investments as well as most precious metals.
Today were seeing gold trading at around $901 per ounce, down one dollar or .11% for the day but still up $32.60 or 3.75% in the last month. With the latest projections for certified coin investments looking very bullish, we could be seeing many investors entering the market as early as Friday in order to profit and preserve during these rather difficult times. Lets see what 2009 has in store for us, invest well and have an excellent day.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
