December 23 - Daily Rare Coin Update
December 23, 2008 – Rare coins have continued to maintain their value while commodities everywhere around it are sinking to record low levels. Gold and silver rare coins such as the $20 Saint-Gaudens and the $20 Lady Liberty as well as the Peace Dollar and the Morgan Silver Dollar certified by PCGS continue to be the winners stability wise. Gold’s spot price is $839.10 per ounce, down $8.50 for the day but still up $40 for the month and $30 for the year. Silver falls down $.56 to around $10.24 despite expert projections of around $14 by early 2009. Even though commodities in general are experiencing a slowdown due to the holiday season, projections are looking very good for 2009 and we could definitely see some impressive gains depending on where the economy ends up.
Speaking about the economy, global economy in general is floundering in every single nation and they are all experiencing the same thing the United States is feeling right now. As the United States Dollar continues to drop, so do most other currencies and the Russian Ruble for example is at its lowest in three years. Japanese auto giant Toyota has lost $1.6 billion this year which is their biggest loss in 70 years since World War II. The United Kingdom’s economy continues to fall as well and it is at its weakest in 17 years. Global ship ports are looking deserted like ghost towns as import and exports slows down dramatically. Invest in the best and have an excellent holiday season!
Arthur McGuire
Senior Staff Writer - Certified Gold Exchange
