Posted by Adam King on July 28, 2009
End Of The Financial Crisis Near?
July 28, 2009 – Investment-grade certified coins are holding onto their value today despite the gold spot price falling side-by-side with crude oil and major stock indexes. We are currently seeing a rebound with the United States Dollar Index after the fiat currency traded near the lowest level in seven weeks versus the euro just yesterday. According to several market analysts, gold and certified coins will continue trading inversely with the United States Dollar down the road as American investors may continue flocking to either precious metals or fiat currencies unless something significant happens with either asset. In other news, “economic recovery” is in the spotlight today as several economies around the globe are showing accelerated growth and higher-than-expected earnings in a few markets, thus this is signalling that the end of the current financial crisis may be near. Even though we may see the light at the end of the tunnel right now, unemployment is still accelerating at a dangerous rate, now officially approaching 10% nationwide while an even more dangerous economic factor, inflation continues to grow. Fortunately, if inflation grows to critical levels like we saw in the late 1970’s, gold certified coins could be one of the only assets that truly thrive.
By 11 AM Eastern Standard Time, gold bullion bars and coins are losing value while certified coins continue holding strong despite the gold spot price falling to $939.30 per ounce, decreasing $14 or 1.47% for the day, yet still increasing $9.20 or .99% in the last year.
Senior Staff Writer – Certified Gold Exchange
US Gold Market