September 28, 2009
Posted by Adam King on September 28, 2009
September 28, 2009 – Labor Department figures that are to be released later this week could provide a boost for certified gold investments. The Dow Jones Industrial Average(DIJA), S&P 500, and Nasdaq markets are projected to cool off, pending the release of this data, as Labor Department numbers are expected to present more evidence of a rapidly declining economy. Certified gold investments are now more popular than ever, due to the historical resiliency that they exhibited in the 1970s.
Northern Trust chief investment strategist Jim McDonald believes that major stock markets within the United States and overseas could be weighed down in coming months. Some stock investors have seen “green shoots” over the last few months, and some believe that stocks are poised for a significant increase. Government-funded stimulus programs have thrown trillions of Dollars at companies in order to jump-start consumer confidence and spending. McDonald says that the free money could “create the potential for some disappointment(for stocks) in the months ahead when these stimulus programs expire.” Many investors are liquidating their stocks now, taking advantage of the government-funded peak before stocks drop again. If President Barack Obama’s plan backfires, stock markets could be absorbing substantial hits over the next few months. Certified gold and silver coins are a new idea for many stock investors, but the privacy and portfolio balance that they provide is a preferred alternative to volatile stocks that may change value, based solely on the government’s shifty decisions.
Certified gold coins have outpaced gold bullion bars and coins for 12 consecutive months, lending further credence to the “better safe than sorry” investment strategy. Retail prices for all Professional Coin Grading Service(PCGS) coins are available at www.PCGS.com, but investors should remember that discount dealers may have pre-1933 US certified gold coins available at lower prices than the PCGS price list. The active gold spot price is $995.50.
Stewart Lawson
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market
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