Daily Rare Coin Update
April 15, 2009 – American investors are beginning to reconsider their investment options, especially since the majority of financial markets are suffering from severe problems as global economies in general are contracting much faster than expected, and this has caused many wise investors to seek rare coin projections in order to compare the strength of certified metals to the unstable stocks and bonds. Gold rare coin projections, such as the ones for the popular $20 Saint-Gaudens have been bullish since the beginning of the year, some even saying that their values may double in price by 2010 if the economic recession continues in this downward spiral. On the other hand, silver rare coin projections, such as the ones for the Morgan silver dollars have been a bit speculative, especially since the metal is tied to both investment and industrial usage. Overall, the future of rare coin pricing will most likely be dependent on any negative economic data that becomes released along with the strength of the United States Dollar and global equity markets. Even a small diversification into certified metals could make a profitable long-term investment as growing inflation is expected to increase precious metal prices down the road.
By around the end of the trading session, gold is sitting at around $890.60 per ounce, moving up $1.30 for the trading day yet moving down $38.80 in the last 30 trading days while silver is sitting at around $12.76 per ounce, moving up three cents for the trading day. Wise investors currently have their eyes set on the upcoming financial data that may continue proving that the United States recession is only getting worse despite our massive stimulus and bank bailout packages.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
