Daily Rare Coin Update
April 20, 2009 – $20 rare gold coins are an increasingly popular precious metal diversification that several investors are currently using as a long-term preservation tool. The most popular $20 rare gold coins are the Saint-Gaudens and Lady Liberty P Coin Grading Service or the Numismatic Guaranty Corporation. Today, they just happen to be increasing in value along with the spot price of gold that is spiking as a result of growing instability with mainstream financial markets like stocks and bonds. Wise investors are beginning to turn away from these stocks and bonds after the largest financial institutions in the United States reported billions of dollars in toxic assets that may take years to repay. Fortunately, $20 rare gold coins are historically preservative investments that have thrived during these troubled economic times. The supply of these coins are very low compared to standard bullion products, so make sure you diversify while they are available before it’s too late.
By around 4:30 PM Eastern Standard Time, the gold spot price is currently sitting at around $884.20 per ounce, up 1.78% for the trading day yet still down 7.18% in the last 30 trading days. Silver on the other hand is trading at around $12.08 per ounce, up $.19 for the trading day. The latest short-term market projections are expecting further weakness with stocks and bonds as a result of many investors and market analysts believing that the recent rally to mainstream financial markets was overdone, thus precious metals may benefit down the road from this negative economic sentiment.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
