Daily Gold Coin Update
February 5, 2009 – American Eagle prices continue to increase in value as the usual safe haven buying continues to spark interest in the minds of investors who could lose significant portions of their wealth during this inflationary and soon to come high-inflationary period. The United States private sector has already shed 522,000 jobs last month and the speculation that things won’t get any better any time soon is causing massive investors to flock to the precious metal markets once again, thus increasing the demand and lowering supply which in turn rises American Eagle prices. The current demand is set to bring the metal into the $1000 per ounce range during the next 90 days and many market analysts and financial institutions believe that this will most likely happen. There is a lot of potential right now with precious metals and myself along with other investors are eagerly waiting to see what will happen within the next month or two.
Today we’re seeing the gold spot price come up to around $919.70 per ounce, this is a $13.80 increase for the trading day, a $56.20 increase in the last 30 trading days and also a $33.10 increase in the last 365 trading days. We’re seeing increases all across the board and with long-term projection saying that it’s almost inevitable that we will see $2500 per ounce, this may be one of the best times ever to own gold and to increase net worth along with American Eagle prices. Invest well and have a beautiful day.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
