Daily Rare Coin Update
April 3, 2009 – The G20 Summit meeting in London that was held yesterday resulted in a plan to spend $1 trillion in order to aid the global economy, and wise investors are looking at this as a possibility of devaluing currency in the near future, thus they are protecting their hard-earned wealth by deciding to buy certified gold coins that historically preserves spending power during similar times. The United States unemployment rate has risen to the highest level since 1983 and it currently sits at 8.5%, which is a clear sign that despite global efforts to end this financial crisis, things are only getting much worse in reality. Inflation seems to be another massive worry that is causing heavy speculation at the moment, yet investors who buy certified gold are not really worried about such negative economic factors because certified investment-grade rare coins have proven their preservation potential time and time again. It’s not too late to be an investment in precious metals, and companies like the Certified Gold Exchange are available to assist an investor in need when they require it most.
During the midday trading hours it seems like more long-term investors are making the decision to buy certified gold as the gold spot price falls to $898.50 per ounce, a decline of .61% for the trading day and also a decline of .82% in the last 30 trading days. Silver on the other hand fell $.17 to around $12.74 per ounce. Before today, gold had increased in value to 2.8% for the year while silver also increased in value 15% for the year. Invest well and have a good weekend.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
