October 9, 2009
Posted by Adam King on October 09, 2009
October 9, 2009 – Certified gold and silver coins have the opportunity to vastly outperform US-based stocks and real estate investments during the fourth quarter of 2009, if Wall Street economists are correct. This year’s third quarter produced sizable profits for some stock investors, especially in the manufacturing and commodity sectors. Some Federal Housing Administration(FHA) officials have said that the worst of the housing bust is over, and the government’s extension of an $8000 tax credit for new home buyers could continue to boost home sales and the prices of homebuilding supplies. However, many fear that our financial markets have been artificially cushioned by our government’s stimulus package, which poured billions of dollars into our shrinking economy during the last three months alone. The continued spending by our leaders in Washington is sure to have a negative effect on a number of our traditional investments, but many economists believe that our shortsighted government’s bailout could provide some attractive benefits for savvy investors.
What rises must eventually fall, and investors with certified gold holdings know that their position in the gold market could become compromised if our nation is truly in the recovery stage. Certified gold and silver coins have not recorded any massive setback since 2001, because the waxing and waning trends of our economy have begun to repeat themselves. Since the gold spot price topped out at $850 in the 1970s, US stock indexes like the Dow Jones Industrial Average(DJIA) and the NASDAQ market have turned in quite an impressive performance. The availability of credit has allowed millions of Americans to purchase new homes and automobiles, but over-leveraging has become a terminal problem during the last few years. US banks have made an incredibly high number of bad loans, and the ensuing credit crunch helped to spark our current recession. Gold rose to a new record high of $1059 per ounce yesterday, so many investors are now considering gold bullion and certified gold coins as a potentially profitable safe-haven investment.
Stewart Lawson
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market
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