Daily Rare Coin Update
April 7, 2009 – Precious metals are rebounding for the first trading session in four, as flocks of investors nationwide begin to sell their stocks and bonds in exchange for physical possession precious metals such as the $20 Saint-Gaudens and other profitable investment grade rare coins. Just recently, there was a powerful rally to equities that many are considering overdone, mostly due to the fact that the movement only occurred because of short-term confidence that the United States economy would recover sooner than expected. Sure enough, the blindfold has been lifted from American investors and they have begun to expand their investment boundaries by letting go of devaluing paperbacked assets that could continue seeing losses as the United States Dollar begins to feel the true effects of inflation. Before this economic recession began, United States was nearly $10 trillion in debt, and now since the beginning of the recession, we have loaned and spent another $10 trillion. Will we ever see better days? Fortunately, a sound diversification in popular investment grade certified coinages such as the $20 Saint-Gaudens could be a winning decision for many American investors at the moment.
$20 Saint-Gaudens coins are benefiting from the increasing gold spot price that currently sits at $882.30 per ounce, up $13.60 or 1.57% for the trading day while the silver spot price currently sits at $12.26, up $.15 for the trading day. Many of these investment grade rare coinages could see even higher values down the road if spot prices continue increasing along with safe haven demand. Happy investing.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
