Daily Rare Coin Update
August 4, 2009 – United States rare coin prices have seen consistent increases since the turn of the millennium as wise American investors have flocked to these elite safe haven diversifications in order to preserve their hard-earned wealth from the devastation that has occurred with mainstream investing markets. The current gold spot price is fluctuating around $965.70 per ounce, up $9.20 for the trading day while the current silver spot price is fluctuating around $14.59 per ounce, up $.38 for the trading day.
In the past eight years, United States rare coin prices have risen more than 300% amidst a contracting economy that ended up being the worst financial crisis we have seen since the Great Depression. Little by little, wise American investors flocked away from dollar-backed assets in exchange for assets that hold true value, like gold and silver. Popular investment-grade rare coins like the $20 Saint Gaudens, $10 Indian Heads, Morgan Dollars and Peace Dollars have thrived as more and more investors have purchased them for their long-term wealth preservation potential, and sure enough they got what they asked for. The future of United States rare coin prices could be bullish, because according to several market analysts, inflationary pressures may cause skyrocketing safe haven demand similar to what was seen in the late 1970’s when gold and silver spot prices climbed more than 800%. If this happens again in modern day trading, wouldn’t you like to know that you have an asset in your physical possession that could help you achieve the profit and preservation potential that you seek?
Shawn Penny
Senior Staff Writer - Rare-Coin.org
