January 5 - Daily Rare Coin Update
January 5, 2009 – Rare coins trading continue to impress investors based on the fact that they have maintained solid value while their precious metal contents fluctuate due to a strengthening United States Dollar. The personal favorites such as the $20 Saint-Gaudens, $20 Lady Liberty and Indian head gold coins as well as Morgan silver dollars and peace silver dollars have proven to be an excellent alternative investment that increases in value when most things are decreasing and maintains value when it should be decreasing. Not a bad deal if you ask me.
The current gold spot price is $855 per ounce, down about .38% for the day but still up 13.35% in the last 30 trading days while silver falls about eight cents down to $11.14 per ounce.
The problems in the economy are causing major fluctuations in gold, silver and platinum prices. Pres. elect Obama said that the nation faces a next shorter and a challenge in getting back on track and his $775 billion projected stimulus plan should boost the United States Dollar to near full strength while restoring and making about 3 million jobs. Although it is a great effort, it may just be too late and soon we could see unemployment levels go from about 4 million to 10 million+. These numbers are scary which is why rare coin trading has become a more popular investment method because during times like these, they seem to profit heavily especially over time. Invest intelligently and have a beautiful day!
Arthur McGuire
Senior Staff Writer - Certified Gold Exchange
