Daily Rare Coin Update
February 27, 2009 – The increasing instability with the investment markets at the moment has drawn an impressive amount of investors into safe haven assets like gold and silver. Many of these investors have seen the potential of investment grade $20 rare gold coins as they have proven to be a profitable and preservative alternative to bullion investing, especially when used as a long-term investment. The two most popular $20 rare gold coins would have to be the $20 Saint-Gaudens and the $20 Lady Liberties. They have proven to be an ideal profit-taking tool during this economic recession but it’s their store of wealth attribute that makes them very interesting for investors who have lost hard-earned wealth in stocks that have decreased between 30% and 65% in the last eight years. For example, last week the gold spot price increased to around $1007 per ounce and this week it has fallen more than $60 yet the value of several $20 rare gold coins have maintained the same since the metal peaked to its 11-month high.
Short-term selling has been driving precious metal spot prices today, and gold is currently trading at around $935.50 per ounce, which is a decrease of $10 for the day and an increase of $49.10 for the month while silver continues its losses by shedding four cents to around $13.08 per ounce. The future continues to look bullish for many certified coinages as well as precious metals in general, so taking advantage of the market’s low prices may be a good idea when looking to maximize your investment potential. I wish you the best of luck when investing.
Arthur McGuire
Senior Staff Writer – Rare-Coin.org
