Daily Gold Coin Update
June 24, 2009 – Gold as a safe haven alternative to dollar-backed assets is increasing in popularity today as the United States economy doesn’t seem to be getting any better despite the latest comments by the Federal Reserve saying that a “recovery” is underway, thus many wise investors are turning to PCGS certified coins that have proven their long-term wealth preservation potential throughout similar recessionary cycles. All PCGS certified coins come individually inspected by one of the world’s leading numismatic experts, the Professional Coin Grading Service. Unlike modern-day bullion coins like the American Eagles, PCGS certified coins like the $20 Saint Gaudens carry a higher premium above the spot price of gold, and many wise investors pay this added premium because the coins are less susceptible to sudden market volatility that is commonly experienced with bullion products. Although not a useful short-term profit-taking tool like bullion coins, the PCGS certified coins could be an ideal way to preserve hard-earned wealth during unstable economic times. Feel free to browse the website if you seek further information on investing in gold for either profit or wealth preservation purposes.
By around 4:45 PM Eastern Standard Time, the majority of investment-grade gold coins are seeing minor increases in value as a result of the spot price of the metal climbing to $930.50 per ounce, increasing $4.70 or .51% for the trading day and also increasing $41.10 or 4.62% in the last 365 trading days. Some of the most recent market forecasts are predicting that spot prices could reach $950 per ounce by next week as a result of the recent rally away from dollar-backed assets.
Arthur McGuire
Senior Staff Writer - Gold-Coin.com
