Daily Rare Coin Update
February 12, 2009 – US rare coins such as the $20 Saint-Gaudens, $20 Lady Liberties and $10 Indian Head coinages are proving to be an excellent investment to own during this financial crisis and many investors are finding the preservation that they desperately seek with them. Economies all over the world are experiencing some major problems at the moment and corporations are being severely crippled due to the higher inflation and lack of consumers. An article I was reading this morning said that many stock investors worldwide feel that the market will continue to decline during the next six months and it is historically proven that precious metals as well as US rare coins can gain in value while these equities are failing. In the last year the majority of stocks have lost 26% of their value while safe haven investments like gold have increased to around 20% higher values. As the economic crisis continues to worsen by the day we could be seeing more wise investors turn to US rare coins in order to reap the rewards that they offer during these troubled times.
During midday trading the gold spot price is $948.40 per ounce, a $9.30 or .99% increase for the trading day while silver stays flat at around $13.53 per ounce but is projected to increase as the industrial and investment demand could rise in the next several weeks. The latest gold projections are saying that $2000 per ounce has now become a possibility for 2009 and even speculative outlooks like $5000 per ounce could be possible by 2012. Only time will tell what investment will reign during this crisis. I wish you the best luck when investing in precious metals.
Arthur McGuire
Senior Staff Writer – Rare-Coin.org
