Posted by Adam King on March 27, 2009
Risk Taking Could Bite Back
March 27, 2009 – Several investment-grade NGC certified coins are continuing to hold onto their historical preservation ability despite a recent rally in the stock market that is occurring due to high risk taking by investors who feel that inflation will not result from trillions of dollars printed excessively. Many investors are beginning to feel confident in the United States Dollar and its equities, and several of them are even switching over their gold and NGC certified coins in order to further lose more wealth with unstable stocks. Speaking of the dollar, it is increasing today versus the euro that is declining due to a latest budget warning from Germany’s Finance Minister. Economies around the world are facing some of the most troubling times seen in several decades, the question is, when will the masses learn to protect themselves before it’s too late? A simple diversification into gold and NGC certified coins could be a winning play in this game of financial roulette.
Today, the daily market spot price of gold is down a bit as a small sell-off begins to take place in the United States, and it currently sits at $923.80 per ounce, down $10.40 or 1.11% for the trading day and also down $67.90 or 6.85% in the last 30 trading days. The latest market projections are expecting further movement to be dependent on the value of the United States Dollar, so make sure you track our currency and any other economic data that could create sudden fluctuation. Happy investing.
Senior Staff Writer – Certified Gold Exchange
US Gold Market