Daily Gold Coin Update
March 25, 2009 – New precious metal investors, and even experienced ones are wondering the difference between gold coins vs bars because both have different attributes that make them ideal for specific types of portfolios. For example, when looking at coins vs bars it’s important to know that they each carry different premiums above the daily market spot price, and bullion products are usually less expensive than certified metals. Before making any type of precious metal investment it’s always important to track the financial market in general because there are many external factors that can fluctuate spot prices on a daily basis. Today, the spot prices just so happen to be increasing after the stock market saw some small declines yesterday. Other factors such as the strength of the United States Dollar and the value of commodities could be useful movement determinants that may assist a wise investor deciding to diversify into metals by comparing coins vs bars.
During the midday trading hours, the gold spot price is rebounding for the first trading session in four and it currently sits at $929.90 per ounce, an increase of $3.80 or .41% for the trading day yet a decrease of $8.60 or .92% in the last 365 trading days. There have been a few new long-term projections that are based around the United States recession getting progressively worse, and several are predicting near $2000 per ounce by the end of the year. Can the metal double in value throughout 2009? All we can do is hope for the best but prepare for the worst by diversifying our assets correctly.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
