Daily Rare Coin Update
January 27, 2009 – Rare United States coins like the $20 Saint-Gaudens and the $20 Lady Liberty maintain their solid value despite their gold content losing some ground overnight as a few short-term investors release their assets to profit quickly from the 5.7% gain we’ve seen here in the last four trading days. Investment demand for precious metals and of course their certified rare United States coins counterparts look to be increasing again during midday trading and it looks like the day may not end up in the negatives as the morning spot prices show. There’s really a lot of speculation right now in all the investing markets and we’re seeing a mixed amount of investors taking positions in investments they’re not used to in order to profit, but more importantly preserve their wealth during these troubling economic times. 2009 is projected to be a powerful year for precious metals and not so much for mainstream investments like stocks and bonds, but only time will tell what the ultimate alternative investment will be this year.
Today the gold spot price falls down $1.80 to around $900.50 per ounce while silver climbs seven cents to around $12.07 per ounce. With such solid projections for rare United States coins it is only a matter of time before we see many more investors enter the market in order to reap the benefits of this historically powerful investment. Have an excellent day and don’t forget to invest well.
Arthur McGuire
Senior Staff Writer – Rare-Coin.org
