January 13 - Daily Rare Coin Update
January 13, 2009 – Rare gold coin prices continue to retain their solid value despite a $30 loss in the gold spot price after a weekend of uncertainty and a strengthening United States Dollar that historically brings down the value of most commodities. It seems that everything is in trouble right now and the falling Euro and rising United States Dollar combination could be causing some sharp increases in demand for physical possession precious metals sooner than expected as investors continue to seek the ultimate safe haven investment. Rare gold coin prices should also increase in value accordingly and will most likely increase in price more than any bullion product.
Gold is trading at around $825.60 per ounce, a $28 or 3.28% decrease in value for the day but still at a $3.60 or .44% increase in value in the last 30 days. Silver on the other hand falls $.48 down to $10.70 per ounce. Both gold and silver projections continue to look bullish for 2009 and with projections for gold around $900-$1200 per ounce and silver around $15 per ounce it makes sense to get into the market while prices are low. Rare gold coin prices have really lived up to their historical value and investors who own them can’t complain with powerful profit potential along with excellent wealth preservation potential. Let’s keep our eyes on the United States Dollar and let’s try to invest as well as we can while we can. Until tomorrow, have a beautiful day!
Arthur McGuire
Senior Staff Writer - Certified Gold Exchange
