Daily Rare Coin Update
January 28, 2009 – Rare coin pricing remains impressively stable despite some small fluctuation in the prices of gold and silver, as investors are very weary about what the best investment will be for 2009. In the last two days gold has lost 2% of its value after rising to a three month high of $916 per ounce and it’s been said that this is being caused by the speculation about the economy getting better with the upcoming action that global governments will take. Everyone is anxious to see whether or not these stimulus plans will actually work but it’s been historically proven that injecting billions of dollars into a failed currency only results in higher inflation, which in turn means higher precious metal and rare coin pricing. Today we’re seeing the United States Dollar increase a bit which is also another factor that drives investors to move away from the metals market into the mainstream investments such as stocks and bonds. I think this year will have many surprises for all types of investors which makes right now a good time to diversify into safe haven assets while we still can.
The current gold spot price is $885.10 per ounce, a decrease of $12.60 for the day and an increase of $4.50 in the last 30 days while silver falls down five cents to around $11.99 per ounce. Rare coin pricing projections continue to look bullish and many market analysts believe that this will be a good year in general for precious metals. Invest well and have an excellent day.
Arthur McGuire
Senior Staff Writer – Rare-Coin.org
