Daily Rare Coin Update
February 5, 2009 – Rare gold coin pricing is continuing its historically profitable gaining and so far they have made some significant increases due to the fact that they are historically more profitable than standard bullion products. Although the rare coin market is nowhere near as populated as the bullion market, we’re seeing an increased number of wise investors seeking their profit and preservation potential, which is something that we haven’t seen in quite a while. If for example, the rare gold coin pricing of say, a $20 Saint-Gaudens is $1500 right now, they are projected to rise into the $2000 area by midyear as a result of the higher inflation of the upcoming $819 billion stimulus plan. Investors all around the world are scrambling for the ideal investments right now and they certainly aren’t finding the safety they used to in mainstream investments like stocks, bonds and real estate, which is why they are turning to precious metals, especially certified coinages during this troubling time.
Today the rare gold coin pricing continues its solid gains as the spot price of gold is at $919.70 per ounce, a 1.52% increase in value for the day and also a 6.51% increase in value in the last 30 trading days while silver also moves up $.25 into the area of $12.79 per ounce. This has been predicted to be one of the best years ever for the metals as well as certified coinages, which is why if you don’t own some already, this may be an excellent time to begin. Invest will and have an excellent day.
Arthur McGuire
Senior Staff Writer – Rare-Coin.org
