Daily Gold Coin Update
April 10, 2009 – Wise investors are flocking back into certified gold coins and precious metals as a result of heightening fears that the United States could enter an inflationary environment in the near future. The latest movement in financial markets is showing a burst of confidence into stocks and bonds after the United States Federal Reserve mentioned that the recession would end sooner than expected, yet in reality this may just be the beginning of the second American Great Depression. What many investors do not know is that the United States has already lent and spent more than $10 trillion in the last two years, and according to a Bloomberg.com article this could result in a devaluing currency sooner than we expected. This being said, now may be an ideal time to protect our hard-earned wealth by diversifying into certified gold coins like $20 Saint-Gaudens that have been projected to increase in value substantially along with the spot price of the metal.
During the midday trading hours, certified gold coins are continuing their small rally, yet not much fluctuation has occurred, and the metal currently sits at $881.60 per ounce, jumping up $1.60 or .18% for the trading day. Some of the latest projections are expecting spot prices to reach between $1100 and $1500 per ounce by summer. Keep a close eye on the movement of the United States Dollar and equity markets, because according to Bloomberg.com they will be the primary drivers of precious metals spot prices in the near future.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
