Daily Gold Coin Update
June 8, 2009 – Gold coin retirement accounts are being considered one of the ultimate ways to protect hard-earned wealth in your nest egg during troubling economic times, thus I would like to focus on this topic today so that you get a better understanding about this increasingly popular diversification. The United States Government allows American investors to store physical gold in their IRA as “gold coin retirement accounts.” They only approve pure, 24-karat gold bars and coins, with the only exception being the 22-karat American Eagle. This basically means that you could hold coins like the Canadian Maple Leafs, Chinese Pandas and Austrian Philharmonics along with American Eagles in your nest egg. The reason that these gold coin retirement accounts are becoming so popular nowadays is because gold historically increases in value during inflationary times, and currently we are facing a troubling economic scenario as a direct result of excessive overprinting of dollars. This being said, if you feel that you could benefit by owning precious metals in your IRA, don’t hesitate to contact an expert today in order to get the ball rolling in the right direction.
By around 2 PM Eastern Standard Time, the majority of bullion coins are decreasing in value while several investment-grade rare coins are holding on strong while the gold spot price makes a minor contraction for the day, and it is currently sitting at $950.90 per ounce, moving down $3.70 or .39% for the day yet still moving up $48.70 or 5.40% in the last year. The United States Dollar Index seems to be the primary driver for the metal in the short-term, so keep your eyes on it if you seek to maximize your investment potential by tracking market movement.
Senior Staff Writer - Gold-Coin.com