Daily Rare Coin Update
April 22, 2009 – Wise American investors are beginning to flock to save haven precious metals like the PCGS certified gold coins yet again because of the latest inflationary fears that may create havoc in mainstream financial markets while at the same time benefiting assets that have a historical tendency of increasing in value during troubling economic times. In the past few weeks, investors have noticed increased risk appetite after several government and Federal Reserve remarks saying that the financial crisis may be approaching its end, yet now many of these investors feel that those remarks were almost like a blindfold in order for us not to see what is really occurring in our economy. Short-term projections for PCGS certified gold coins like the $20 Saint-Gaudens and $20 Lady Liberties are looking increasingly bullish, and several market analysts are expecting interest rates to become one of the main drivers of precious metal spot prices in the next few weeks. Historically, when these real interest rates begin to sink into the negatives, safe haven demand picks up impressively.
By around 4:20 PM Eastern Standard Time, the Certified Gold Exchange’s Economic Research Team is reporting a small increase in demand for PCGS certified gold coins that is occurring based on the increasing spot price of gold that is currently at $890.20 per ounce, up $6.90 for the day yet down $48 in the last month. Keep a close eye on interest rates along with the major stock indexes when looking to maximize your investment with investment-grade certified rare coins.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
