Daily Rare Coin Update
February 20, 2009 – Investment-grade certified rare gold coins are seeing profitability that is significantly higher to most other investments at the moment. Gold has outperformed stocks and bonds several times in the last few years and this year alone, the metal is up 10% while stocks are down 14%. People around the nation are realizing that fiat currency is so weak and will continue to get weak as inflation implodes the global economy and they are flocking to precious metals like rare gold coins in order to protect their investment portfolios from any further losses.
It’s impressive to know that many of these investment-grade certified rare gold coins have made nearly 400% profit in the last eight years and have been projected to increase about 300% more during the next four years as the financial crisis continues to get worse nearly every day. Today the $1000 per ounce benchmark for the gold spot price has officially been surpassed and it doesn’t seem like it will be looking back any time soon. The metal is currently trading at around $1004.70 per which is a 3.24% increase for the trading day and a 17.69% increase for the month. Although bullion products are ideal short-term investments at the moment, they don’t have the long-term profit and preservation potential that certified rare gold coins do. I guess all we can do is wait and see what 2009 has in store for us investors. Have a good weekend and I wish you the best luck when investing in precious metals.
Arthur McGuire
Senior Staff Writer – Rare-Coin.org
