Daily Rare Coin Update
April 8, 2009 – The $20 Lady Liberty coin is a popular investment grade certified rare coin that many investors are seeking at the moment due to weakness in other financial markets such as stocks and bonds, mostly based on growing inflation in our troubled economy. Just last week we saw a large rally to dollar backed equities as investors believed that things would be getting better for the global economy, but sure enough today we are seeing a severe risk with anything that is tied directly to a currency that may collapse down the road. People around the world have not considered the long-term effects of over $10 trillion being injected into this economy as a temporary solution, and this is probably why so many market analysts are expecting hyperinflation down the road. This hyperinflation would be self-destructive on currencies, corporations and hard-earned wealth. Fortunately, we can protect our hard-earned wealth by diversifying before it’s too late into precious metal products such as the $20 Saint-Gaudens and the $20 Lady Liberty coins.
Investment grade certified rare coins like the $20 Lady Liberty coins are expected to see increases in value by the end of the week as the daily market spot price of gold climbs to $885.80 per ounce, jumping up $4.70 for the trading day while the silver spot price jumps eight cents to $12.30 per ounce. Both metals could continue increasing in value as the overall safe haven demand increases down the road. Happy investing.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
