Daily Rare Coin Update
April 30, 2009 – Gold Indian coins certified by the Professional Coin Grading Service and the Numismatic Guaranty Corporation are increasing in popularity as investors continue to seek a precious metal diversification that is fully private and non-confiscatable by the United States Government. These gold Indian coins have increased in value significantly since 2001, and several projections are expecting further increases as the global economy contracts and safe haven demand spikes. It’s very important to know that investment-grade certified rare coins are not recommended for short term usage, instead they are recommended for long-term holding. For example, several of the gold Indian coins have appreciated in value more than 300% between 2001 and 2008, signalling both powerful profit and preservation potential while most mainstream financial markets were floundering significantly. Bullish market analysts believe that we’re only in the middle of this precious metal cycle, so it may not be too late to begin a diversification in order to protect long-term spending power and possibly even profit during the worst financial crisis since the first American Great Depression.
Many certified investment-grade rare coins are holding onto their value rather well while the gold spot price falls to $890.90 per ounce, dropping $7.40 for the trading day and the silver spot price falls to $12.41 per ounce, dropping $.39 for the trading day. The Certified Gold Exchange is recommending that investors keep a close eye on further economic data that will be released throughout May, which could signal a flock to safe haven metals once again.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
