Daily Rare Coin Update
February 11, 2009 – The Saint Gaudens coins have seen some solid gains in value today due to the larger than usual amounts of wise investors taking positions with precious metals along with their safer counterparts, certified investment-grade rare coins. Safe haven buying is the talk of the day and it’s all due to yesterday’s approved $838 billion stimulus plan that is projected to produce long-term inflation for the United States Dollar. We’re already starting to see signs of a weaker economy with equities along with the United States Dollar losing value today, but the short-term projections are saying that the economy will recover for a short period of time and once all the money is spent, the prices of precious metals as well as Saint Gaudens coins could rebound and possibly see their record highs. Until then, investors are taking no chances and are flocking to gold and silver as long as they continue to increase in value. 2009 is proven to be an exciting year for certified coin investors.
Today we’re seeing rare coins increasing in value along with the spot price of gold which is that $943.30 per ounce and silver which is at $13.55 per ounce. Earlier today I was reading an expert commentary on Kitco.com that was talking about the price spike in value of gold from $100 per ounce in 1976 to $850 per ounce in 1980. Many investors believe that the time has come again for such substantial gains to be seen in this market. I wish you the best luck when investing in Saint Gaudens coins and precious metals.
Arthur McGuire
Senior Staff Writer – Rare-Coin.org
