Daily Gold Bullion Update
May 12, 2009 – Gold coin prices are increasing today based on a variety of external economic factors that are causing many wise investors to shift away from mainstream assets into safe haven precious metals that could thrive during this financial crisis. These gold coin prices are set on a daily basis depending on whether the coin is modern-day bullion or a certified rarity. Modern-day bullion coins trade very close to the daily market spot price and they also carry a small government premium due to minting and distributing purposes. On the other hand, certified rare coins hold a higher premium above the daily market spot price based on rarity and condition. It’s very important that investors understand these two types of coin categories because bullion usually works best for investors who seek short-term profit while certified rarities usually work best for investors who seek long-term wealth preservation. We always recommend that investors work directly with market experts in order to find out exactly which product may be best for their portfolio goals.
During the midday trading hours, gold coin prices seem to be increasing across the board for several bullion and certified rare coins because the spot price has climbed to $919.70 per ounce, jumping up $6.40 for the trading day and also jumping up $38.90 in the last 30 trading days. The spot price is currently being supported by a floundering United States Dollar and weakening global equities that may persist if the financial crisis continues spiralling in the downward direction.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
