Daily Rare Coin Update
April 27, 2009 – The rare coin trading market is becoming more and more interesting to American investors who want to profit and preserve their hard-earned wealth during this recessionary cycle because several investment-grade rare coins have the potential to thrive when many mainstream financial markets fail. The latest news is showing more investor speculation that stocks may continue to flounder based on the increasing fears of a flu pandemic. So far, this flu has killed 103 people and market analysts are saying that any further negative sentiment may create mayhem with most investment markets. Short-term projections are saying that the flu pandemic may benefit gold and rare coin trading because both are being seen as some of the ultimate safe haven assets to own during troubling economic times. The future may hold some interesting fluctuation, so it’s important that we keep a close eye on the daily news along with the strength of stock indexes and spot prices in order to maximize our potential when rare coin trading.
By around 2:30 PM Eastern Standard Time, the Certified Gold Exchange is reporting slightly lower demand for investment-grade rare coins, mostly based on investors halting their diversification decisions in order to see will happen with the swine flu scare, and also because the gold spot price has fallen to $907.40 per ounce, a decline of $5.60 for the trading day while the silver spot price has increased to $12.93 per ounce, an incline of four cents for the trading day.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
