September 21, 2009
Posted by Adam King on September 21, 2009
September 21, 2009 – The Federal Reserve is fast-approaching another inflation test, which will help Ben Bernanke and President Barack Obama, among others, to determine what could and should be done to improve an economy that is on the brink of collapse. Certified gold and silver coins shot up almost 2% this morning, even though spot prices for both precious metals show slight decreases for the day. Certified gold and silver investments are made when the investor feels that bullion is too risky.
Gold is always talked about as a safe haven asset, but the truth is that gold carries risk just like any other investment. Gold bullion is touted as a quick profit-maker, because bullion products trade relatively close to the active spot price. Low premiums allow short-term investors to buy gold in a “valley,” then sell the yellow metal when it reaches a “peak,” usually a three or four percent gain for most quick-traders. Certified gold is the way to go if the investor does not want to buy and sell repeatedly. If a long-term hold is planned, and the investor wants to ensure that the gold does act as an insurance plan in the event of a national emergency, certified gold is the recommendation. If the Fed determines that they need to take the gold away from US citizens in order to back up the Dollar because of rampant inflation, Certified gold and silver may not be taken.
Certified gold and silver coins come in a sonically sealed plastic holder with NGC or PCGS grading and serial number clearly visible. These coins do offer investors the ability to store a large amount of wealth in a very small space, but they should only be considered as an investment option if safety is a priority and profit comes second. Many of these coins have outpaced bullion growth over the last 12 consecutive months, due to national worry about another gold bullion confiscation. Gold bullion, which is currently trading at $1003.20, and certified gold can be tracked at www.goldprice.net and www.PCGS.com.
Arthur McGuire
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market
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