January 14 - Daily Rare Coin Update
January 14, 2009 – United States rare coin prices continue to remain stable despite yesterday’s one-month low for gold and the current fluctuation in precious metal markets. Gold is trading in the area of $825.10 per ounce, making this a .63% increase for the day and a .38% increase for the month. Silver on the other hand is trading in the area of $10.67 per ounce, a five-cent increase for the day. United States rare coin prices could be seeing some dramatic increases if the current predictions become a reality with gold at $1200 per ounce and silver at $15 per ounce.
As always, you can attribute this to the turbulence we’ve been experiencing with regards to the American Dollar. The economy is nothing if not uncertain right now, so while the American Dollar loses buying power in the global marketplace, we’re always going to see a direct, opposite correlation with the value of precious metals.
It’s too early for even the most experienced analysts to accurately guess what 2009 has in store for us. We do have a new president elect taking office in just one week, but there is simply no quick fix for the current crisis. Inflation is simply a fact of life, and as long as there is inflation, gold and silver investors should always be, at the very least, insured against further economic crises. Have a wonderful day and don’t forget to keep your eyes on the value of the United States Dollar along with United States rare coin prices!
Arthur McGuire
Senior Staff Writer - Certified Gold Exchange
