Daily Gold Coin Update
April 29, 2009 – Gold coin projections for both the short-term and long-term are looking bullish, and many are very dependent on health developments with the latest swine flu outbreak as well as the overall strength of the United States economy that is currently floundering. The swine flu outbreak has already killed 156 people in Mexico and one in the United States, and investors are looking at this as an opportunity to purchase safe haven metals as well as certain pharmaceutical stocks that have been skyrocketing lately. As far as precious metals are concerned, short-term gold coin projections are saying that further fears may push the spot price of the metal up to $950 per ounce throughout May and possibly even higher depending on the severity of the situation. The longer-term gold coin projections are mostly tied to the financial crisis as well as the overall strength of the United States Dollar and its equity indexes. 2009 has been full of surprises so far, and it’s not too late to begin a diversification into safe haven coins that could thrive as inflationary pressures continue attacking assets tied directly to a weakening currency.
By around 12:30 PM Eastern Standard Time, both bullion and certified investment-grade rare coins are showing moderate gains in value as the daily market spot price is gaining slowly but surely, currently trading at around $897.70 per ounce, an incline of $4.40 for the trading day yet still a decline of $18.10 in the last 30 trading days. It has been recommended that investors keep a close on any upcoming health developments in order to maximize their potential with gold coins at the moment.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
