Daily Gold Coin Update
February 4, 2009 – Gold bullion coins like the American Eagle, Canadian Maple Leaf and the Chinese Panda have all increased in value along with certified rare coins such as the $20 Saint-Gaudens as investors flock to the precious metals market once again due to even more news that the economy is continuing to worsen. The current recession that the United States is in just isn’t looking any better and we’re seeing a lot of nervousness about most investments besides precious metals at the moment. Today we’re seeing another one of those odd market days, with the United States Dollar, crude oil and gold bullion coins rising up in value at the same time when normally they are adverse to each other. This is most likely because of the large injection of fiat currency into our financial system, which is like a false cloud of hope that the United States Dollars is getting stronger. Only time will tell what 2009 has in store for all investors, but by the looks of it, gold bullion coins may be one of the best investments of the year.
Today we’re seen the daily market spot price of gold come up to the area of $901.90 per ounce, a $1.30 increase for the day and also at $43.60 increase in the last 30 days. It’s a good idea to keep your eyes on the external factors that could affect the price of the metal because we could be seeing some serious fluctuation in the next few months as the economy feels the full effects of the recession. Invest well and have a beautiful day.
Arthur McGuire Senior Staff Writer – Gold-Coin.com
