Daily Rare Coin Update
May 19, 2009 – Rare gold coin investing has been an interesting precious metal investment method for several years now, and it appears like more wise American investors are catching on to this trend because investment-grade rare coins are proving solid wealth preservation and profit potential while mainstream investments like stocks founder. In the past few years the gold spot price has increased exponentially, more than 300% at times while many stock indexes tumbled and lost more than 30%. Most investors experienced these gains with modern-day bullion products like the American Eagles and Canadian Maple Leafs, yet the wise few who were involved in rare gold coin investing have not only preserved their hard-earned wealth, but they also witnessed more gains than with bullion. Although not a fact, it is historically proven that certified rare coins could appreciate in value more significantly than bullion when used over a three-year period. This is precisely why investors who seek long-term wealth preservation are beginning rare gold coin investing in order to potentially reap the benefits of both profit and wealth preservation.
By around 4 PM Eastern Standard Time, many of the most popular investment-grade certified rare coins are seeing small gains for the trading day as precious metal spot prices are inching their way up after some minor losses yesterday. The gold spot price currently sits at $924.60 per ounce, moving up $7.20 for the day while the silver spot price currently sits at $14.15 per ounce, moving up $.39 for the day.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
