Daily Gold Coin Update
January 23, 2009 – PCGS gold coins are forecasted to increase in value significantly in the next few days as the price of gold spikes during midday trading as a result of the masses of investors worried about the state of the economy and rushing into precious metals as the ultimate safe haven investment. The metal is soaring right now and has currently reached its three-week high as the United States Dollar continues to strengthen versus other major currencies and the global equity markets flounder as a result of the financial crisis. The recession is really hitting hard and because of this, investors have no option but to invest in precious metals because historically they increase in value and preserve wealth during the times we’re facing right now. It’s been recommended that investors purchase now and hold on to their metals till the end of 2009 because it is predicted to be a very bullish year for PCGS gold coins.
By midday, gold has risen to $893.70 per ounce, up $37.30 or 4.36% for the day and up $46.70 or 5.51% in the last 30 days. These gains are very impressive considering most other investments are losing right now and market analysts are only projecting that it will get better. The latest 2009 projections for the metal and PCGS gold coins are saying that we could see $1500 by the end of the year as the economy continues to worsen and investors continue flocking to the so-called “investment of the generation.” Invest well and have a beautiful day.
Arthur McGuire
Senior Staff Writer - Certified Gold Exchange
