Daily Rare Coin Update
January 30, 2009 – Rare coins are destined to be an excellent investment for 2009 as companies like the Certified Gold Exchange are reporting some of the biggest safe haven purchases in quite a while. Many people are buying rare coins for the very first time, with the hopes of reaping the rewards of its high profit and excellent preservation potential that has historically made it an excellent investment for safe haven investors. After Wednesday’s passing of President Barack Obama’s $819 billion stimulus plan, investors are fearing the long-term inflation which could apparent in the near future and thus are flocking to the precious metal markets in order to hedge their assets from the problems that could be seen sooner than expected. With global governments printing excessive amounts of money, it only makes sense that people would rush to something that cannot be easily produced and stands for true value instead of a piece of paper. We’re currently seeing vaults around the country being filled to the brim with rare coins with the aid of top precious metal dealers like Certified Gold Exchange.
Today we’re seeing the gold spot price spiking up to around $926.20 per ounce, up $17.90 for the trading day and also up $45.40 in the last 30 trading days while silver also continues to move up to its four-month high and is currently at around $12.59 per ounce, a $.24 increase for the day. Investors are flocking to companies such as the Certified Gold Exchange to aid them with diversifying, so it is certainly proving to be a busy day for precious metal dealers. Invest well and have an excellent weekend.
Arthur McGuire
Senior Staff Writer – Rare-Coin.org
