Daily Rare Coin Update
March 16, 2009 – Rare coin wholesalers could see an increased demand throughout the week because of investors possibly taking advantage of the precious metal market due to unstable fluctuations with other investments such as stocks and bonds at the moment. Last week the majority of financial markets experienced a lot of movement that left many investors wondering what the ideal investment to own during 2009 could be. This week there seems to be some forced confidence in the United States economy because of the latest news from Ben Bernanke saying that the recession could end by the end of the year. News like that instantly sparks interest in such things like stocks and the United States Dollar, yet it’s not good to put all your eggs in one basket, especially since the measures that have been taken to recover our economy could backfire with catastrophic events such as hyperinflation and even higher unemployment rates. Both household and institutional investors are taking the opportunity to flock to rare coin wholesalers in order to purchase historically preservative investments like the $20 Saint-Gaudens that has the chance of outperforming the majority of financial markets if things get any worse.
Rare coin wholesalers such as the Certified Gold Exchange are taking note of an increased amount of investors looking for certified metals due to the spot price of gold falling to $922.80 per ounce while the spot price of silver falls to $12.87 per ounce. Some of the latest projections from leading financial institutions are saying that gold could reach $1500 per ounce by summer while silver could reach $25 per ounce by around the same time.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
