Daily Gold Coin Update
April 23, 2009 – More and more wise American investors are beginning to turn to certified gold coin investments amidst the mayhem that is occurring with mainstream financial markets while stocks and bonds dwindle due to failing corporations and the United States Dollar falls prey to two vicious predators named inflation and deflation. Certified gold coin investments hold many advantages over stocks, bonds and even standard bullion products because they are considered a more preservative and profitable long-term asset, plus they are non-confiscatable by the United States Government, which basically means that they are fully private. Mainstream assets have been hammered since the beginning of this recessionary cycle, and short-term projections are expecting further problems down the road as our fiat currency becomes devalued due to our excessive overprinting which may put us in a worse situation down the road.
By around 2 PM Eastern Standard Time, certified gold coin investments are increasing in value rather well with the daily market spot price of the metal that is currently sitting at around $905.20 per ounce, moving up $14.50 for the day yet moving down $20.90 in the last month. The spot price is currently at a three-week high based on a three-way combination of higher safe haven demand, a weaker United States Dollar and failing equity markets. This being said, it’s important to track all of these external economic factors because they are expected to continue fluctuating spot prices in the near future. Also, keep a close eye on any further negative economic data, which may build more negative speculation about the future of the United States economy.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com at
