Daily Gold Coin Update
August 12, 2009 - As investors in physical gold keep a vigilant eye on gold price and dollar value correlations, other news of so-called economic recovery has graced our headlines. Federal Reserve Chairman, Ben S. Bernake announced that the $1 Trillion in emergency funding to banks and markets from “commercial paper assets”, to asset-backed securities has improved our economic climate in recent weeks. Although it remains a mystery exactly what assets are backing these “asset-backed securities”, it still appears that household gold coin investors have proven, safe haven assets of their own.
A great many small steps will no doubt achieve economic recovery, over a long period of time. Not all of these steps will be in the same direction, nor will everyone agree with each direction to take. The long-term inflationary cycle that awaits us may be buffered with seemingly happy news of extended lower interest rates, but interest rates cannot be maintained at zero, or 2.5% indefinitely. Besides, nobody really knows how our Administration’s Health Care reform will impede, or aid in our economic recovery. Announcements over the positive steps being taken towards recovery may lend a glimmer of hope to some, but investors in gold coins are vastly more realistic.
The long-term financial benefits that gold coin investors hold over struggling dollar values, serve to protect their wealth and retirement savings throughout the uncertain economic conditions we are now facing. Rare coin investments are optimal for long-term safety, as their numismatic value generally appreciates over time. 24-Karat bullion coins also provide long-term protection, as they can be used for precious metal-backed IRA’s.
Arthur McGuire
Senior Staff Writer - Gold-Coin.com
