Daily Gold Coin Update
March 5, 2009 – PCGS gold coins are quickly becoming a favorite to investors who want an alternative investment to such things like gold bullion bars and coins. It is obvious that the demand for safe haven assets is causing a flock to the precious metals market, and many wise investors have already began to take advantage of the profitable and preservative attributes of certain PCGS gold coins. The most popular choices that are being purchased in large volume at the moment are the common date investment grade rare coins like the $20 Saint-Gaudens and the $20 Lady Liberty coinages. Both have an impressive history of profit on preservation that could easily outperform the currently unstable stock market. 2009 has changed many investor’s opinions on what investing method will be best for their portfolio, and it is important to know that precious metals like bullion and PCGS gold coins have the potential of becoming some of the best performing assets at the moment.
Today, the daily market gold spot price looks to be rebounding rather well, reaching $922 per ounce, a rise of $17 for the trading day and also a rise of $18.10 in the last 30 trading days. Just recently, two major financial institutions have upgraded their 2009 projections for the metal to better suit the economic mayhem that is occurring in our financial markets. Citigroup increased their projections to $2000 per ounce while Merrill Lynch increased their projections to $1000 per ounce from a meager $850 per ounce. Let’s see what the year has in store for us.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
