Daily Precious Metal Update
March 30, 2009 - The Double Eagle price has sustained impressive value ever since the spot price of gold reached $1007 per ounce last month. Several of the investment grade varieties are acting as ideal investment options during this financial crisis because wise investors can utilize them as both a profit and preservation tool that is non-confiscatable by the United States Government. Gold in general has been reacting quite positively to most of the negative economic data that has been released in the past few months, and it has already increased in value 4.8% for the year while the majority of stock market indexes are down between 9% and 12%. Earlier in the year, several short-term projections expected the metal to outperform most other investments throughout 2009, so this may be a good opportunity to take advantage of the low Double Eagle price in order to diversify hard-earned wealth into certified investment-grade rare coins before it’s too late.
The Certified Gold Exchange is seeing an increased number of long-term investors interested in taking advantage of today’s Double Eagle price, and the gold spot price currently sits at $916.10 per ounce, a decline of seven dollars or .76% for the trading day while the silver spot price sits at around $13.04 per ounce, a $.30 loss for the trading day. The latest projections are expecting both metals to rebound by the end of the week and possibly begin approaching their all-time record highs if further negative economic data becomes unveiled. Happy investing.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
