Posted by Adam King on April 02, 2009
Preparing To Soar?
April 2, 2009 – Gold prices along with the value of Eagles Saint-Gaudens are falling today based on speculation that the worst of this financial crisis is over. Investors are eagerly awaiting results from today’s G20 meeting in London that will most likely influence the short-term spot prices of precious metals along with values of other financial markets. Since the beginning of the year, wise investors have purchased gold bullion and Eagles Saint-Gaudens coins in order to protect themselves from the negative economic factors such as inflation. What many people don’t understand is that inflation is still imminent because global governments are spending even more fiat currency in an attempt to save their economies from further disaster. Short-term projections are saying that stocks could rebound in the meantime until the true effects of this weakening economy began to show. Fortunately, investors can continue protecting their portfolios by purchasing Eagles Saint-Gaudens or any other certified investment-grade rare coin that has a historical tendency of thriving during similar times.
Today the gold spot price has fallen quite significantly, and it’s mostly based on pre G20 speculation. The metal is currently trading at $899.20 per ounce, down $28.20 or 3.04% for the trading day but still up $15.10 or 1.71% in the last 365 trading days. Spot prices are already up 5.2% for the year while the majority of stock markets are down 4.2% so far. 2009 will most likely be an unstable year for most investments, but it certainly is an advantage to own precious metals if things continue getting worse. Happy investing.
Senior Staff Writer – Certified Gold Exchange
US Gold Market