Daily Rare Coin Update
February 19, 2009 – Gold Indian coins, just like the majority of investment-grade certified rare coins are holding onto their value well as the spot prices of precious metals fall during the midday trading hours due to some small short-term selling and profit-taking. Since the beginning of the recession, gold has benefited from the instability in the global financial markets and of course from the fears of hyperinflation that could result from our excessive debt. Precious metals dealers such as the Certified Gold Exchange have witnessed a significantly higher amount of investors looking to stray away from mainstream investment and enter into positions with gold Indian coins and $20 Saint-Gaudens in order to achieve the maximum potential that could be seen with these safe haven investments.
As rare coin investing continues to become more popular by the day, spot prices in the precious metal market decline and gold is currently sitting at around $971.80 per ounce, which is a decrease of $11.70 for the day but still an increase of $116.10 for the month while silver moves down $.41 to around $13.93 per ounce. It’s important to know that precious metals have just recently started to stray away from their correlations with other markets such as the United States Dollar and crude oil values. Knowing this could signal an ideal time to begin rare coin investing. My advice is to keep your eyes on various market movements during this financial crisis and to invest well in products such as the gold Indian coins.
Arthur McGuire
Senior Staff Writer – Rare-Coin.org
