Posted by Adam King on April 10, 2009
Looking Towards The Future…
April 10, 2009 – Many precious metal investors around the world are keeping their heads high for a brighter future despite seeing a weaker than expected week for safe haven assets, still the overall long-term demand for products like the Liberty gold coins and American Eagles are increasing. So far this week, global stocks have rallied, and this is causing the sentiment that the worst of the recession may be over, yet several people are not calculating the destructive potential that inflation could have on our economy if we continue our massive stimulus and bank bailout packages. According to Bloomberg.com, the United States has already lent or spent $10 trillion since the beginning of the recession, and that is nearly equal to our overall national debt. There may be some serious trouble down the road as a result of these actions, and this is probably why wise investors are protecting their hard-earned wealth before it’s too late by diversifying into Liberty gold coins and other investment grade rare coinages that are non-confiscatable by the United States government.
The gold spot price hasn’t really seen much fluctuation this week after falling below $900 per ounce last week, and it is currently trading in the area of $881.60 per ounce, an increase of $1.60 or .18% for the trading day yet a decrease of $15.70 or 1.75% in the last 30 trading days. Despite the recent market movement, both short-term and long-term projections are looking bullish, some saying that $1100 per ounce is possible by the end of the year. Keep your heads up and don’t forget to purchase Liberty gold coins and other safe haven assets if you feel you could benefit by owning them.
Senior Staff Writer – Certified Gold Exchange
US Gold Market