Posted by Adam King on April 07, 2009
Bears Turning Bulls
April 7, 2009 – The gold spot price along with the value of several investment grade $20 Lady Liberty coins are rebounding today after seeing losses for three days in a row that was driven by a rally to equities, and now several market analysts believe that the flock to safe haven assets could result in the all-time record high of $1033 per ounce becoming surpassed in the near future. It seems that many wise investors are beginning to shift their stocks into physical possession precious metals like the $20 Lady Liberty coins because they fear that the global financial crisis will only continue to get worse. It was only a matter of time before people began to realize the dangers with fiat-backed equities, and even George Soros himself said that the stock rally would not sustain. The next few days could see some very important market movement, so don’t forget the track spot prices and of course the value of the United States Dollar when making precious metals diversifications.
Many investors around the nation are rejoicing about the fact that the gold spot price has rebounded to $882.30 per ounce, up $13.60 or 1.57% for the trading day but still down $56.10 or 5.98% in the last 30 trading days. There’s currently a lot of potential with safe haven assets at the moment, and investment grade $20 Lady Liberty coins could be the ideal product for many American portfolios because historically the coins act well during these heavily fluctuating economic environments. Happy investing.
Senior Staff Writer – Certified Gold Exchange
US Gold Market