Get The Facts On Fluctuating Rare Coin Prices With Rare-Coin.org
November 4, 2009 – Fluctuating rare coin prices have been in the spotlight recently, because they have consistently spiked during the last two months. After holding a record-high of $1033 for a year and a half, the gold price rose to $1071 on the Commodities Exchange (COMEX) division of the New York Mercantile Exchange (NYMEX) on October 14. A subsequent pullback occurred, but the COMEX gold spot price remained above $1000 despite significant profit-taking by short-term, bullion investors.
Even as the dollar showed signs of strengthening last month, the gold price has held its own, and it is now climbing again. The gold spot price at 11am EST was $1092.80; this is a mild retreat from the new record-high of $1096.80 that was reached this morning. The fluctuating gold price could be repressed if safe-haven demand wanes, but most economists expect investors to increase their gold holdings until our nation regains firm financial footing.
Presently, our economy appears to be settled from the trauma of the last three years, but the fluctuating rare coin prices tell a story of consumers and investors who fear what the future holds for the United States. Many market analysts fear that the impressive numbers of the third quarter are the calm before the storm; once our government exhausts their stimulus money, more economic problems could emerge. Rare coin investments become substantially more valuable when the masses increase their demand for safe-haven assets. Rare coins are well respected by investors because of their gold content, numismatic qualities, and government non-confiscatability.
Investors who believe that our nation’s long-term financial life is at risk should carefully consider a rare coin investment. Gold could be your back-up plan, your protection, your last line of defense, in case our nation continues to falter economically. Contact a reputable gold dealer near you, or contact www.Rare-Coin.org directly at 800-300-0715.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
