January 6 - Daily Rare Coin Update
January 6, 2009 – The $20 Saint-Gaudens along with other investment grade certified rare coins have lived up to their name and have remained stable during a three-day consecutive loss in both gold and silver spot prices. It’s really impressive that these coins can maintain such solid value during a time in global economy when nothing is stable. Only the future will tell where we’ll see certified rare coins such as the $20 Saint-Gaudens and the Morgan Silver Dollar and current projections are putting their metal composition prices anywhere between 10% to 45% increases during 2009. It’s very important to track global economic events in order to project what will happen to your investment and by looking at current events we can see that further failed bailout plans can cause investors to flee away from paper investments due to the fear of inflation, credit crunches and of course currency losses. The year 2009 will surely be an exciting one for those who own $20 Saint-Gaudens coins as well as any other certified rare coin and large increases in value could set new records this year.
Gold is currently trading at around $850.10 which equals out to an $8.20 decrease for the day or .96% and a $95.80 increase or 12.70% in the last month. Let’s hope that the projections are correct and don’t forget to invest in the appropriate investment grade rare coins before it’s too late. Have a beautiful day and enjoy investing!
Arthur McGuire
Senior Staff Writer - Certified Gold Exchange
