Daily Gold Coin Update
February 11, 2009 – Wise investors nationwide are currently seeking the best gold coins to purchase during this worsening recession as a result of losing faith in anything tied to the United States Dollar due to the inflation that could come along with our stimulus plan. When looking for the best gold coins for your portfolio it’s important to know what your goals are in the precious metals market and of course wether you want to hold on to the metal for a short-term or long-term period. If you’re looking for a short-term investment then it has been proven that coinages like the American Eagles and Canadian Maple Leafs will probably work best for you while long-term investors have noticed that the best gold coins to invest in would have to be the $20 Saint-Gaudens and the $20 Lady Liberties. Today’s passing up the $838 billion stimulus plan is causing a lot of speculation in the market that prices could skyrocket along with inflation much sooner than we expected. 2009 will almost certainly be a dramatic year for many investors around the globe.
During midday trading we’re seeing the gold spot price at around $943.30 per ounce, this is a $20.00 increase for the trading day and also an $89.70 increase in the last 30 days. As the United States Dollar and equities continue in their downward direction, it is possible that precious metals could step up to the plate as one of the best investments to own during 2009. Only time will tell what could be the ideal investment this year. I wish the best luck when investing in precious metals.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
