Daily Rare Coin Update
January 8, 2009 – Gold Indian coins gain some value today as the gold spot price lifts itself back up after a four-day fall due to a further weakened United States Dollar and investor interest in precious metals as a tangible safe haven. It seems like many investors are starting to regain confidence in precious metals again and the latest spot price projections could bring investments such as gold Indian coins to historical prices and even higher. With the economy only getting worse by the day, investors are re-entering the precious metal markets because no other investment at the moment seems to have the profit potential and preservation that these metals have. Rare coins in particular seem to be more of a safe haven than anything else right now because even when their precious metal content was dropping, they maintained the value long enough to profit when the prices increased again today.
Gold is trading at around $856.90 per ounce, which is a $14.90 increase or 1.77% gain for the day, and an $81.30 increase or 10.48% gain for the last 30 days. Silver is trading at around $11.18 per ounce, which is a $.16 increase for the day. Projections continue to look positive for 2009 and gold should be trading at around $880-$900 per ounce in the next few weeks and silver should be trading at around $14 per ounce in the next few weeks depending on economic conditions, strength of the United States Dollar and of course supply and demand. Let’s hope things continue getting better, until then, gold Indian coins and other investment grade certified rare coins are the choice of safe haven investors at the moment. Have a beautiful day!
Arthur McGuire
Senior Staff Writer - Certified Gold Exchange
