Posted by Adam King on April 21, 2009
US Economy In Bad Health
April 21, 2009 – Toxic bank assets are continuing to grow at dangerous speeds, and the latest economic data from the United States banking sector shows that our economy is still in bad health, thus wise American investors are purchasing certified gold coins in order to benefit from their preservative and profitable qualities. Short-term trading seems very speculative because many investors don’t know whether a stock contraction will sustain. Several of the largest global stock indexes are suffering today after a massive rally that is now being considered “overdone” as a direct result of excessive speculation that the United States economy would recover. A sound diversification into certified gold coins could be made at the moment especially since the spot price of the metal is considerably lower than projected with a brighter future down the road in the event that the financial crisis continues to wither away at mainstream investment markets.
During the midday trading hours, certified gold coins are remaining flat despite some very small fluctuation with the daily market spot price of gold that has currently seen a small drop to $883 per ounce, down $1.80 or .20% for the trading day and also down $69.60 or 7.31% in the last 30 trading days. Projections for short-term trading seem to be directly related to stock market speculation, so keep a close eye on global indexes in order to maximize investment potential. Also, don’t forget about the United States Dollar that has been the primary driver for sudden fluctuation since the beginning of this recession.
Senior Staff Writer – Certified Gold Exchange
US Gold Market