Daily Gold Coin Update
May 15, 2009 – Physical possession safe haven for certified coin investments is on the rise today as the latest economic data is fuelling concerns that the United States financial crisis is far from over. Historically, gold and certified coin investments thrive when the United States Dollar and mainstream financial markets sink. Currently, certified coinages are in the spotlight because many new and experienced investors are learning about their long-term profit and preservation potential as opposed to modern day bullion. Some of the most popular certified rare coins are the $20 Saint-Gaudens and the $20 Lady Liberty, both known as Double Eagles. The Double Eagles are pre-1933 coinages that survived a bullion confiscation, and now they are considered rarities, which basically means that the United States government cannot confiscate them as they attempted to do in 1933 during the first confiscation. We always recommend that investors deal directly with a gold expert in order to find out whether certified coin investments are right for them.
By around 2:40 PM Eastern Standard Time, both bullion and several certified rare coins are extending their gains as the daily market spot price continues to climb the ladder towards the $930 per ounce resistance level, and it currently sits at $928.40 per ounce, moving up .29% for the day and also moving up 5.38% in the last year. May has certainly shown some impressive fluctuation for the spot price, yet safe haven demand needs to pick up significantly in order to meet the projected $970 per ounce range.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
