Daily Rare Coin Update
April 10, 2009 – Rare gold coins are considered amazing for collection purposes, and lately more and more wise American investors are beginning to purchase them in high quantities for a wide variety of investment reasons, such as for their ability to preserve value a little bit better than bullion along with their ability to remain non-confiscatable in the event that the United States Government decides to confiscate bullion from its citizens like they did in 1933. Rare gold coins could benefit many investment portfolios during this economic recession because they act as a hedge from inflation that is growing at frightening levels at the moment. United States imported goods rose 1% last month, and this may just be the beginning of an inflationary economic environment that could tear apart at any investment that is tied directly to a devaluing fiat currency such as the United States Dollar. This being said, it’s important to keep a close eye on the value of the dollar along with movement in other financial markets such as equities that could signal the ideal time to purchase or liquidate rare gold coins.
Certified investment grade rare coins have remained rather flat for the week despite the gold spot price falling to $877.90 per ounce and the silver spot price increasing to $12.34 per ounce. Precious metal researcher GFMS has just recently projected that gold in particular will surpass last year’s record high of $1033 per ounce based on speculation that inflation will continue to accelerate as a result of trillions of dollars injected into this economic system since December 2007.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
