Daily Gold Coin Update
May 1, 2009 – The month has started off with a brief recovery in the value of global stock indexes while the gold spot price has seen minuscule losses and certified gold coins are holding onto their preservative value that makes them a favorite to many precious metal investors. Certified gold coins were once considered a speculative precious metal diversification because they weren’t as popular as the modern-day bullion coins like the American Eagles and Canadian Maple Leafs, but in the past few years we have seen investors flocking into these coins because of their historically preservative and profitable advantages over standard bullion. It’s important that investors understand that not every rare coin can be used for investment purposes. The most commonly used investment-grade certified coins are the $20 Saint-Gaudens, $20 Lady Liberty and $10 Indian Head.
Today we’re seeing certified gold coins maintaining some solid value despite the gold spot price falling to $885.80 per ounce, down .05% for the trading day yet still up 4% in the last 365 trading days. There’s some very interesting economic data that has caused slightly higher risk-taking demand into stocks and bonds, yet several market analysts believe that this rally into risky assets will not sustain due to significant inflationary pressures on the United States Dollar that may continue to increase as the Federal Reserve plans to purchase massive chunks of toxic debt. It’s highly recommended that wise investors keep a close eye on the daily news as well as any type of data that may create safe haven demand or pessimism about the future of the United States financial crisis.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
