Daily Rare Coin Market Update
July 2, 2009 – Gold and silver spot prices are headed downwards today, yet this has not curbed the demand for rare coin investments as more and more investors are seeking less volatile alternatives to modern-day bullion products, and many of them have found the wealth preservation that they seek with investment-grade rare coins such as the $20 Saint Gaudens and $10 Indian Heads. Rare coin investments have truly shined within the past few years as both gold and silver have increased in popularity and more American investors have expanded their boundaries by learning about investment-grade numismatic coinages that have a tendency to increase in value at a faster rate than bullion products, thus making them a sound long-term profit and preservation vehicle. Investors looking to begin rare coin investments should always note that there are many different variables that could affect the overall success of their diversification, and we always recommend that you deal directly with a market expert before diversifying because it could make the difference between a winner and loser in today’s hectic investing markets.
By around 4:45 PM Eastern Standard Time, both gold and silver spot prices are declining on the New York Mercantile Exchange as a stronger United States Dollar has halted safe haven demand, yet gold is still trading at a steady $928.30 per ounce while silver is still trading at a steady $13.33 per ounce. The latest short-term market projections are forecasting that gold may climb to $945 per ounce while silver may climb to $14.25 per ounce by next week as a result of heightened negative speculation about the overall stability of the United States Dollar.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
