Daily Rare Coin Update
April 9, 2009 – Certain investment grade gold Indian coins are continuing to hold onto their value despite small fluctuation with the spot price of the metal that is being caused by mixed optimism and pessimism as to the future of the United States economy. The optimistic investors feel that safe haven demand will erode based on the latest comments by the United States Government saying that the recession may end soon, while the pessimistic investors feel that safe haven demand will skyrocket along with spot prices based on inflationary fears that could tear apart at stocks and any other asset tied directly to a devaluing United States Dollar. What many Americans do not understand is the fact that the United States Government and Federal Reserve has pumped more than $10 trillion into economies worldwide in order to prevent a monetary collapse, and the long-term after-effects of this type of movement is almost always inflation. Fortunately, American investors can purchase gold Indian coins and other certified investment-grade rare coins that could profit and preserve wealth much better than investments tied directly to a failing currency.
Today it seems like the gold Indian coins are reacting rather well to the small decline with the gold spot price that currently sits at $877.90 per ounce, a decrease of $2.10 for the trading day while the silver spot price currently sits at $12.34 per ounce, an increase of eight cents for the trading day. Good news for gold investors is coming directly from GFMS and they are saying that inflation will continue accelerating, which in turn could push the spot price of the metal all the way up to $1100 per ounce.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
