Daily Rare Coin Update
February 4, 2009 – US rare coin prices are continuing to increase in value today due to a large amount of fear and speculation that has been injected into financial markets this morning as a result of the dreaded ADP job data. Their job data analysis said that the United States private sector shed 522,000 jobs in January and believe it or not it was less than expected. The global economy as a whole is experiencing some major problems at the moment and things are slowly scheduled to get worse. This entire ruckus in the financial markets is what is causing so many people to gain confidence in precious metals, and the low bullion and US rare coin prices that we are seeing at the moment is signalling an opportunity of a lifetime for many wise investors. 2009 is proving to be a lot worse than expected, so if you have ever considered investing in precious metals, now may just be the best time.
Today we’re seeing the gold spot price move up to around $901.90 per ounce, up $1.30 for the trading day and also up $43.60 in the last 30 trading days. Silver on the other hand is up four cents to around $12.49 per ounce. Earlier in the day I was researching some of the most current market projections and it’s becoming more and more popular for people to be bullish about precious metals and it’s also been said that bullion and US rare coin prices could soar into the $2000-$2500 per ounce area by the end of the year. Invest well and have a beautiful day.
Arthur McGuire
Senior Staff Writer – Rare-Coin.org
