Daily Gold Coin Update
July 13, 2009 – Several gold coins are seeing some moderate price gains today as the appeal to invest in gold coins is slowly but surely increasing in the United States, thus the spot price of the metal has climbed to $921.30 per ounce, jumping up $8.30 for the day, yet still falling down $17 in the last 30 days. Bullish short-term spot price projections are forecasting $945 per ounce if the United States Dollar faces further weakness this week.
Safe haven demand in the United States is rebounding today as more wise American investors are deciding to invest in gold coins as their ultimate hedge from the vulnerabilities that have been arising with dollar-backed assets in the past week. Short-term market fluctuation has shown significant instability with investing markets as everything from gold to crude oil and stock indexes are being predominantly driven by the United States Dollar Index. Our government’s latest multibillion-dollar stimulus and bank bailout packages have significantly hurt the dollar’s value, and with several government officials recently saying that further overprinting may be needed in order to prevent an economic collapse, it’s no surprise that so many investors are beginning to invest in gold coins once again. Historically, gold has proven its ability to thrive during inflationary and deflationary economic environments, most notably during the late 1970’s when the metal skyrocketed more than 800% in just two years as a result of massive inflation and increasing interest rates. If you feel that now is the time to protect your hard-earned wealth with one of history’s most preservative metals, feel free to use the resources available on this website to your advantage.
Arthur McGuire
Senior Staff Writer - Gold-Coin.com
