Daily Rare Coin Update
May 21, 2009 – Rare coin pricing on several of the more common investment-grade certified rare coins is increasing substantially today as the gold and silver spot price continues heading in the upward direction based on a rally to safe haven assets that has been sparked by negative economic data and speculation that we will enter a high inflationary period in the near future. Wise investors from around the United States are taking advantage of today’s rare coin pricing because many market analysts believe that spot prices could begin heading towards their all-time record highs as confidence continues to wither away with the United States Dollar, stocks and real estate. Earlier in the year, there were projections saying that gold could reach $1200 per ounce while silver could reach $25 per ounce by summer, and the current market momentum shows that these speculative forecasts may become a reality as the financial crisis is pushing many investors away from mainstream asset classes in exchange for safe haven physical possession coins. It is highly recommended that you keep a close eye on the market and diversify correctly if you feel that you could benefit from owning one of history’s most preservative assets during the worst financial crisis the United States has seen since the Great Depression.
By around 3:15 PM Eastern Standard Time, rare coin pricing is extending gains for the third trading session in a row as the gold spot price in particular is experiencing a powerful rally that is being driven by skyrocketing safe haven demand. The gold spot price sits at around $953.60 per ounce, jumping up $16.40 for the day while the silver spot price sits at around $14.52 per ounce, jumping up $.27 for the day.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
