Posted by Adam King on May 19, 2009
May 19, 2009 – Investors looking to buy certified gold coins like the historically preservative $20 Saint Gaudens or $20 Lady Liberty are taking advantage of the current spot price that many market analysts are calling “considerably undervalued.” The latest economic data that is seeping in is proving that the financial crisis is without a doubt getting significantly worse by the day as inflation grows and mainstream financial markets continue with their unstable patterns. Wise investors are diversifying their hard-earned wealth by deciding to buy certified gold coins because not only have they shown powerful profit and preservation potential, but they are also immune from government bullion confiscation which may occur if the economy spirals down and the dollar collapses. Today in particular it appears like a significant amount of American investors are entering the precious metal market in order to potentially protect themselves from the problems that may lie ahead during the worst financial crisis the United States has seen since the first Great Depression.
During the midday trading hours, the gold spot price is gaining some momentum, yet it needs to surpass the $930 per ounce resistance level before climbing significantly towards $950 per ounce. Currently, the metal is trading at around $926.30 per ounce, up $8.90 for the trading day and also up $57.60 in the last 30 trading days. Today’s market forecasts are expecting bullish short-term movement depending on overall investor sentiment in the near future; so keep a close on anything that could create either safe haven demand or risk-taking demand and don’t forget to buy certified gold coins if you feel that you could benefit from their historically preservative attributes.
Senior Staff Writer – Certified Gold Exchange
US Gold Market