Posted by Adam King on February 10, 2009
Long Awaited Stimulus Day – Certified Rarities Gain Value
February 10, 2009 – The United States is eagerly awaiting the acceptance of this long-awaited $838 billion stimulus package that could be the last chance for us to redeem our former glory. The speculation that is being heard a lot today is that inflation could result due to these plans, which is increasing the demand for certified rarities and precious metals in general. Also the factor that the United States Dollar is weakening versus major competition almost always raises the appeal for a safe haven investment. It has been reported that the reason gold prices are staying near the $900 per ounce range is because wise investors are waiting for the results of this stimulus in order to either sell or begin their major buying. It’s very possible that prices for precious metals as well as certified rarities could be predetermined with today’s acceptance or rejection of this plan. This being said, if you’re considering beginning an investment in either bars or coins, today may be an ideal opportunity to take advantage of the market.
During midday trading the spot price of gold is moving up to around $910.10 per ounce, this is a $15.10 or 1.69% increase for the trading day and also a $56.50 or 6.62% increase in the last 30 trading days. Most short-term predictions for 2009 are saying that the $1000 per ounce benchmark is a high possibility and that prices being so high only means that people have lost faith in their fiat currencies. Lets just hope that things get better for gold and certified rarities throughout the year. I wish you the best luck with investing.
Senior Staff Writer – Certified Gold Exchange
US Gold Market