Daily Rare Coin Update
April 2, 2009 – Investing in precious metals is turning into a very popular diversification strategy as wise investors are beginning to turn to them in order to benefit from their ability to act inversely to failing financial markets. In the last eight years these safe haven precious metals have increased in value by more than 300%, and this has been extremely beneficial for rare coin investors who hold investment-grade certified coins such as the $20 Saint-Gaudens and $20 Lady Liberties. Fortunately, it’s not too late to begin an investment, especially since spot prices are considerably lower than expected. Future fluctuation with precious metals will most likely be connected to the results of today’s G20 Summit meeting in London, so make sure you keep a close eye on the actions of these global leaders in order to maximize an investment in precious metals if you feel that now is the time to diversify your hard-earned wealth.
Certified investment-grade rare coins seem to be holding onto their value rather well today despite the gold spot price seeing a sharp drop of $21.20, falling to around $906.30 per ounce while the silver spot price also fell six cents to around $12.97 per ounce. Market analysts are expecting a rebound by the middle of next week because there is some negative economic data that could be released for February, which most likely may create safe haven sentiment amongst wise investors. Can gold and silver outperform most other investments throughout 2009? All we can really do is invest well and see for ourselves…
Shawn Penny
Senior Staff Writer – Rare-Coin.org
