Daily Gold Coin Update
February 16, 2009 – gold coin retirement accounts continue to appreciate in value for the second week in a row as spot prices continue to increase as a result of even more safe-haven demand and less interest for investments like stocks and bonds. Retirement accounts have really been hit hard here in the last few years especially since mutual funds have decreased in value so significantly that it doesn’t make sense to own something that represents a corporation with the possibility of failing as a result of all the problems in this financial crisis. Wise investors have found the profitability and preservation that they seek with gold coin retirement accounts and since the metal has been referred to as the “investment of the generation”, doesn’t it make sense to own a few bars of coins before it’s too late?
Owners of gold coin retirement accounts will be happy to know that the spot price has increased to $942 per ounce, up $.40 or .04% for the day and also up $99.60 or 11.82% for the month. John March, a technical analyst from Superior Gold Group said that he doesn’t have any doubt that we will see inflation in the future and that hyperinflation is even possible with the excessive lending we’re doing at the moment. Luckily for those who own precious metals, they can sleep easy knowing that hyperinflation has proven to be ideal for gold. I wish you the best luck when investing.
Senior Staff Writer – Gold-Coin.com