Daily Gold Coin Update
January 8, 2009 – Bullion gold coins increase in value today after a four-day decline due to masses of investors re-entering the gold market because of the instability that we are currently experiencing with the United States Dollar and global economy in general. It seems that the only major positive movement in investments at the moment is with precious metals, as stocks and other mainstream investments continue to fluctuate for the worse. Yesterday alone, the Dow fell 245 points which is the worst drop seen since December 1st of 2008.
The current gold spot price has risen to around $856.90 per ounce, a $14.90 increase for the day and $81.30 increase in the last 30 days. The latest projections say that the metal should hit around $880-$900 per ounce before stabilizing due to the large amount of anxiety that has spurred amongst investors due to a hectic economy.
Bullion gold coins as well as certified gold coins continued to be the optimal choice for investors looking to profit and preserve their hard-earned wealth during a time of major uncertainty for the entire world. If things continue to worsen, we will be glad that we have our bullion gold coins and other precious metal investments, because those with mainstream investments such as stocks and bonds may not be as fortunate. Let’s keep our eyes in the future and our heads to the sky. Have an excellent day and remember to invest while you still can!
Arthur McGuire
Senior Staff Writer - Certified Gold Exchange
