Daily Rare Coin Update
February 18, 2009 – The $20 Lady Liberty coin has certainly proved its investment potential along with gold that is doing impressively good at the moment. Most investors have realized that the economy is slowing down drastically and that many problems are still to come such as hyperinflation and further trouble in the corporation sector. Prices for most goods and services have risen substantially in the last few years and wise investors are finding a way to combat this inflation with certified investment-grade rare coins like the $20 Lady Liberty and $20 Saint-Gaudens. The massive wave that has entered the precious metals market in the last month is massive and most of these people are seeking a long-term physical possession store of wealth that just isn’t being realized at the moment with investments like stocks and bonds which are directly connected to the ever failing United States Dollar.
Several short-term projections have said that as long as our global financial crisis continues getting worse by the day that the price of gold will only continue to rise. This may hold true, and today we’re seeing the spot price of the metal increase to around $973.30 per ounce, which is a rise of .39% for the trading day and also a rise of 16.74% for the month. The latest projections that have been set for the metal are saying that it could reach $1500 by midyear which could mean that the $20 Lady Liberty in a common year domination could be worth more than double its value by then. I wish you the best of luck when investing in precious metals and don’t forget to diversify well.
Arthur McGuire
Senior Staff Writer – Rare-Coin.org
