Posted by Adam King on March 25, 2009
Ordinary Day, Or Calm Before The Storm?
March 25, 2009 – Certified coins are projected to increase in value yet again based on speculation that negative economic data is imminent, which could spark a rally to save haven precious metal investments. Today gold is rebounding after a three-day losing streak that was caused by a strengthening stock market. More fluctuation in financial markets may occur in the upcoming weeks after Treasury Secretary Timothy Geithner gave permission to the Treasury Department to seize control of any financial institution that could be hazardous to the United States economy if it were to collapse. There is currently a large risk of collapse by several financial institutions and corporations, and this could be very unfortunate for equities and bonds and most likely positive for precious metals and certified coins. Does the United States have the ability to exit this economic recession before 2009? Anyone who says no to this question could benefit by owning gold certified coins during one of the worst crises seen since the Great Depression.
The gold spot price is finally increasing in value and currently sits at $929.90 per ounce, up $3.80 or .41% for the trading day but still down $61.80 or 6.23% in the last 30 trading days. Investors around the nation should be fully aware of the potential of high inflation in the near future, and knowing how to battle these negative economic times could be the difference between winner and loser in the race to preserve hard-earned wealth. Invest well.
Senior Staff Writer – Certified Gold Exchange
US Gold Market