Daily Gold Coin Update
February 20, 2009 – Certified gold coins are shooting up in value this morning as investors around the nation continue to take advantage of the longest price spike seen in over 60 years. This is truly a historical event in the making and precious metals are once again gaining the prominence over other investments that they are historically known for. One of the factors that is moving the price of certified gold coins would have to be the global stock market that is on a constant slide at the moment, and just in the last five months, equities investors have seen a 42% loss in value. This is a sad story considering that those invested in safe haven assets like gold and silver have made more than 20% profit since then. As the inflation starts to truly affect the global economy, wise investors will realize that paper currency is in some serious danger and could soon be devalued to significant lows. 2009 is already proving to be an impressive year for precious metals and certified gold coins, so those who have even thought about entering the market could benefit from purchasing now.
Today the gold spot price moves up into the area of $1004.70 per ounce, an impressive $31.50 gain for the trading day and an even more impressive $150.90 increase in the last 30 trading days. The metal has outperformed nearly every single investment in the market right now and has been projected to continue increasing as the economy gets worse by the day. Have a good weekend and I wish you the best luck when investing in precious metals.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
