Daily Rare Coin Update
January 23, 2009 – Rare coin forecasts are looking very good for 2009 and many market analysts are saying that this is just the beginning of a difficult year for stocks, crude oil and many other mainstream investments. Today we’re seeing the United States Dollar increase against its major competitors and it is predicted that this will not last for long and precious metals could soon take over as one of the only commodities increasing during this financial crisis. It’s really shocking to me that the greenback and gold are heading in the same direction right now but with market analysts saying that the greenback should fall significantly this year, we could be seeing precious metal prices peaking out and matching the rare coin forecasts that were made earlier in 2009. It’s really just a waiting game, and the success or failure of President Barack Obama $825 billion stimulus plan will be a large deciding factor as to whether or not we go into a Depression or not.
Today we’re seeing the gold spot price spike to around $894.30 per ounce, up $37.90 for the day and up $47.30 in the last month while silver continues to move up to $11.62 per ounce which is a $.23 increase from the day. Rare coin forecasts continue looking bullish for 2009 and it has been predicted that investment grade certified rare coins such as the $20 Saint-Gaudens and $20 Lady Liberty coins will have a very profitable year. Invest well and have a great day.
Arthur McGuire
Senior Staff Writer - Rare-Coin.org
