Daily Gold Coin Update
February 10, 2009 – The current financial turmoil is driving many wise investors to invest in gold coins while prices are still low compared to what they have been projected to increase to by the end of the year. The current speculation that our $838 billion stimulus plan could cause some serious inflation is one of the main factors why people are shifting over equities in exchange for safe haven investments like bullion bars and certified investment-grade rare coins. Today is the big day to see what will happen to our economy in the near future and the results of the Senate’s actions, no matter whether they accept or reject, should result in a serious impact on the United States. Simply by looking at the latest short-term precious metal projections we can see that right now may be an excellent time to invest in gold coins in order to hedge our wealth from the massive inflation that could occur for nearly another trillion dollars being added on top of our national debt.
Today the spot price of the metal increases into the area of $910.10 per ounce; this is a 1.69% increase for the day and a 6.62% increase for the month. The movement we’re seeing in the market is impressive compared to mainstream investments and with projections maintaining bullish for 2009 saying that $1500 per ounce is a high possibility, doesn’t it make sense to invest in gold coins while we still can? I wish you the best of luck when investing in precious metals.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
