October 23, 2009
Posted by Adam King on October 23, 2009
October 23, 2009 – Certified gold coin prices have risen this morning, although some Wall Street prognosticators believe that gold prices could retreat later today. Economists anticipate a slight pullback due to a National Association of Realtors report that will be released at 10am EST. Real estate experts expect home resales to show a 5% increase from the 5.1 million homes that were resold in August, according to Thomson Reuters polling service. If this report meets economists’ expectations, it would mark the strongest month for home resales in over two years. Many of our nation’s property owners have struggled with declining home values, and their inability to liquidate those assets has caused them a great deal of frustration. Investors generally like to profit with their assets, and liquidity is always in high demand, so real estate investments have consequently lost significant value within the last three years.
Many home buyers and investors have taken advantage of the high foreclosure levels by buying homes at seemingly low prices, and they have also been taking advantage of low mortgage rates. These buyers have also had the advantage of an $8000 tax credit, but that government offering expires at the end of the month. Many economists have voiced their concerns about whether home sales and mortgage payments can sustain their current levels once our government completely exhausts its stimulus fund. Many real estate investors have sought precious metal diversification, in case the real estate bubble does burst. When government keeps interest rates low, it’s free money for real estate investors. However, Ben Bernanke and the rest of the "experts" at the Federal Reserve will soon raise interest rates, so real estate investors could catch their fingers in a mousetrap if rates rise similar to the way they did in the 1970s and the early 1980s. Gold rises with inflation, so many property owners have hedged their real estate with certified gold coins. Contact a reputable gold exchange today to learn more about these beautiful and logical investments.
Stewart Lawson
Senior Staff Writer – Certified Gold Exchange
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US Gold Market
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