Daily Gold Coin Update
January 30, 2009 – Gold coin investments are becoming ever more popular as the economy continues to worsen every single day and investors are finding safety with precious metals that they wish they could find elsewhere. Today the Certified Gold Exchange has reported a massive spike in physical possession demand due to the failing stocks, weakly fluctuating United States Dollar and of course the projections that this could be one of the best years ever for the metal. Many investors who never would have considered gold are purchasing right now for the very first time and those who already had invested earlier are shifting everything they can into what has been called the “investment of the generation” and is surely living up to its name. Right now we are seeing global governments trying to do anything they can to save their fiat currencies by injecting billions of dollars into their banking systems, and many wise investors know that this will only result in long-term inflation which in the end could damage a currency.
During midday trading the Certified Gold Exchange has reported an $8.30 increase for the day and a $35.80 increase for the month, bringing the metal up to $916 per ounce and climbing. The latest projections from the leading market analysts and the Certified Gold Exchange are saying that we could be seeing $1500 per ounce by the end of the year, making this truly one of the most powerful years for the metal. Invest well and have a great day.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
