Daily Rare Coin Update
March 31, 2009 - Certified gold and silver rare coins in the popular investment-grade varieties have become ideal investments to own during this economic recession because historically they profit faster than bullion when used as a long-term investment, and it can also act as a solid preservation tool because of the simple fact that they are non-confiscatable by the United States Government. It’s no surprise that so many investors are flocking to protect their hard-earned wealth at the moment, and with inflation and other negative economic factors beginning to take effect on our economy, doesn’t it make sense to own a few certified gold and silver rare coins before it’s too late? Several market analysts and large financial institutions believe that we are just in the beginning of a precious metals cycle that could last several years, so taking advantage of the market while it is ripe could set a wise investor apart from the rest.
Certified gold and silver rare coins may continue increasing in value by the end of the week if any negative economic data becomes released after the G20 meeting in London on April 2. The gold spot price is currently up five dollars for the day and it sits at $920.80 per ounce while the silver spot price is currently down $.22 for the day and it sits at $12.84 per ounce. Gold has increased in value 4.1% this year while silver has increased in value 14% this year, both making their biggest quarterly gains since 2008. Happy investing and don’t forget to diversify now if you feel that you can benefit by owning precious metals during quite possibly the worst economic recession the United States has ever seen.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
