Posted by Adam King on April 16, 2009
Darkest Before Dawn…
April 16, 2009 – During the midday trading hours, it appears that not much action is occurring with financial markets, yet the recent flock to equities is causing many wise investors to take advantage of the precious metal market by finding the best gold coin prices in order to preserve their long-term spending power. United States consumer prices have posted their first annual decline since 1955 and this is creating short-term sentiment that inflation will slow down, but in reality we have not seen the darkest days of this recessionary cycle yet. Our Government and Federal Reserve has printed trillions of dollars in order to purchase toxic assets, and this quantitative easing is expected to be one of the main drivers for an inflationary environment down the road. We have to remember that if it wasn’t for all these stimulus and bank bailout packages, that our economy would be in some serious trouble, but what happens when the money runs out and the situation is still the same? It’s fortunate that wise American investors have the ability to track the best gold coin prices and diversify into the ideal precious metal for their investment portfolio during these troubling times.
By around 12 PM Eastern Standard Time, the spot price of gold is continuing its short-term instability along with most of the financial markets, and the metal is currently trading at $879.60 per ounce, down $11 or 1.24% for the trading day and also down $35.30 or 3.86% in the last 30 trading days. Spot prices in the next few weeks may be directly connected to the strength of the United States Dollar, so make sure you keep a close eye on the index and don’t forget to take advantage of the best gold coin prices while they are still low.
Senior Staff Writer – Certified Gold Exchange
US Gold Market