Daily Rare Coin Update
February 16, 2009 – Rare coin trading is becoming more popular by the day due to wise investors seeking even more profit and preservation than standard bullion bars and coins. Although American Eagles and Canadian Maple Leafs have proven to be an excellent investment to own during this recession, rare coins like the $20 Saint-Gaudens and the $10 Indian Heads have proven that rare coin trading can be just as effective as bullion coin trading. Investors simply seek an investment that can act as a store of wealth when almost everything else is decreasing in value. Stocks for example have proven their weakness as corporations around the globe suffer due to the high inflation that is devaluing everything around us. As the economy continues to look worse by the day, more and more investors look to precious metals and rare coin trading in order to survive the storm. Today we’re seeing rare coins maintaining their histori
cal value despite some small movement in precious metal markets with gold rising to $942 per ounce and silver falling to $13.58 per ounce. Certified investment grade rare coinages could show some impressive potential this year as market analysts around the world continue feeling bullish about precious metals and many feel that gold could even rise to $1500 per ounce and silver to around $40 per ounce. Lets hope that everything turns out well for investors around the world during 2009. I wish you the best luck when investing.
Arthur McGuire
Senior Staff Writer – Rare-Coin.org
