September 22, 2009 Posted by James Randolph on September 22, 2009
September 22, 2009 – Investors and financial experts believe that certified gold coins could register a sharp rise in price over the next 18 months. The Dollar and US stock markets are expected to continue their dismal performances, despite Fed chairman Ben Bernanke’s remarks that the US recession is "very likely" behind us. The mixed data coming from the US government and various media outlets is reason enough for many investors to shift away from mainstream investment venues, and into certified gold and silver coins.
According to an article by financial correspondent Jacqueline Doherty at www.Barrons.com, gold has trounced stock returns since 1999. Two weeks ago the yellow metal stole the spotlight when it passed the $1000 mark for only the sixth time in history. Gold has been trending up since 2001, and Doherty believes that gold is likely to head higher for long-term investors. The Dow Jones Industrial Average is approaching a milestone, now sitting just beneath the 10,000 point mark. "Stocks could be ready for a pullback", according to Bob O’Brien at Barron’s. He thinks that the current stock market has been dramatically over-bought, and that a bear-led pullback could be seen before the end of 2009. The Fed is going to continue implementing their impudent strategy, with anoher bond auction being held this week that will showcase two-year bonds with less than 1% return rates. It quickly becomes easy to see why many investors are moving into certified coins and away from other markets.
At 10am EST on Tuesday, the GoldPrice spot ticker shows the spot price of gold at $1016.60. This corresponds to a 7.9% gain in the last 30 days. The GoldPrice ticker has been available to both institutional and household investors from the Certified Gold Exchange since 1992, and it is always active at www.goldprice.net. Certified coins can be tracked online at www.PCGS.com.
Senior Staff Writer – Certified Gold Exchange