Daily Rare Coin Update
September 9, 2009 - Rare US certified gold coins have outpaced bullion products for the 12th straight month. Investors are looking hard at gold bullion bars and coins to act as a hedge against the inflation that many believe will accelerate with the recent further decline in the US Dollar. Meanwhile, investors are concerned with the recent data from the World Ecomnic Forum that states US banks have slipped to 108 of 133 contries as far as soundness in their banking system. That sounds bad for US banks but it sounds even worse when you consider that the 107 spot is held by Tanzinia. This has rare US certified gold coins activity increasing as a safe haven asset. The recent trend has been for long-term investors who are looking for wealth preservation to invest in the rare US certified gold coins instead of the bullion because the US banking status being mentioned in the same breath as Tanzania is causing many to choose something that is deemed non-confiscatable by the US government.
The spot price on gold bullion has risen 4.16% in the past 30 days, and according to the recent changes in the PCGS price guide certified MS62 Saint Gaudens gold coin has shown a 13.8% increase in the same time period. Many long-term projections for both gold bullion and the rare US certified gold coins have caused some investors to diversify out of their traditional holdings such as stocks and real estate, although investors inside the United States are becoming more and more cautious about holding gold bullion. Due to the historical confiscatibility of gold bullion during trying fiscal times, American investors should be aware of the risks associated with owning precious metals. Although some analysts are predicting a full economic recovery by the end of 2009, many experts believe demand for both the gold bullion and the non-confiscatible rare US certified gold coins will rise because of the limited availability of the metals and increasing economic stress within the United States.
The demand for safe haven assets remained strong throughout the afternoon trading hours on Tuesday, as investors kept a wary eye on the fluctuating value of the United States Dollar. At 6:30 EST the gold spot price sat at $993.10, retreating slightly from $1003 after short-term bullion holders took profit in the early morning trading hours.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
