Daily Gold Coin Update
March 19, 2009 – PCGS and NGC certified gold coins are beginning to see some increases after laying flat due to a $100 loss in the spot price of the metal after peaking at $1007 per ounce on February 20. In the last two days investors have witnessed some severe market fluctuation that is driving many investors away from stocks and bonds and into more historically stable assets such as PCGS and NGC gold coins. The demand for precious metals a skyrocketing at the moment due to the latest news from the Federal Reserve that is striking heavy fear into the minds of many hard-working Americans. Our United States Dollar, which is up 2.5% for the year is losing value for the eighth day in a row today which is the longest losing streak seen in over a year. Short-term projections are saying that precious metals will see a powerful rally, and then take a few steps back due to the temporary confidence that trillions of printed dollars could cause on our economy.
Today PCGS and NGC investment-grade coins are increasing impressively with the spot price of gold that is currently at $955.50 per ounce, shooting up $14 or 1.49% for the trading day which equals a $12.60 or 1.34% gain in the last 365 trading days. It’s important that investors take the opportunity to diversify their portfolio correctly at the moment, especially since the metal has the potential of surpassing its record high of $1033 per ounce in the near future.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
