Posted by Adam King on March 26, 2009
End Of Recession, Or Just The Beginning?
March 26, 2009 – The United States Government is pumping billions of dollars into our economic system in order to end this financial crisis, and investing markets are seeing both pessimistic and optimistic outlooks towards the future of a recovery. There has been a lot of fluctuation with investments lately, and fortunately PCGS certified coins in the investment grade varieties are remaining stable despite the heavy market movement. The number of people collecting state unemployment benefits has just recently reached a record high, and the United States economy contracted 6.3% during the last quarter of 2008. Investors and market analysts who believe that this recession is over may change their minds after realizing the potential of hyperinflation that we currently face due to excessive fiat currency printing. The future of financial markets will almost certainly depend on the strength of the United States Dollar, and of course whether or not we enter another Great Depression. Diversifying our hard-earned wealth into precious metals and PCGS certified coins could be an ideal way to hedge our assets from devaluing.
Today the gold spot price is reacting quite well to the negative economic data that has currently been released, and it is sitting at $940.10 per ounce, up $6.30 or .67% for the trading day yet still down $51.60 or 5.20% in the last 30 trading days. All eyes are currently on the stock market and the United States Dollar, and any negative movement could spark a large amount of safe haven demand yet again. Invest well and don’t forget to purchase PCGS certified coins if you feel that they may outperform most other investments during 2009.
Senior Staff Writer – Certified Gold Exchange
US Gold Market