Daily Gold Coin Update
March 17, 2009 – The St. Gaudens Coin has really shown some impressive properties in the past few years and it continues to show them throughout 2009. Just last month we saw the daily market spot price of gold increase to $1007 per ounce and today it sits at around $90 less than that value, yet the St. Gaudens Coin in the common date investment grade varieties are holding onto the same value they had when the metal reached its high. This could be used as a great advantage by investors who want a long-term asset that can not only preserve wealth but also profit down the road. Today, spot prices are weakening based on some of the latest economic data being released by the United States Government saying that we will not go into another Great Depression and that our economic recession could end by the end of the year. Many investors and even market analysts are a bit skeptical on some of these latest announcements, especially since our government needs to print out $2.5 trillion paper dollars in order to fix what has long been broken.
During midday trading the daily market spot price of gold is seeing some limited losses that have brought the metal down to $915.80 per ounce, coming down $7.30 for the trading day and also coming down $25.80 in the last 30 trading days. Investors and market analysts continue feeling bullish about the market and several are even anticipating the inflationary environment that could result from over printing, which could in turn substantially increase the value of precious metals and of course the St. Gaudens Coin.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
