Inauguration Day Posted by James Randolph on January 20, 2009
January 20, 2009 – $20 Lady Liberty coins see a small jump in value today as speculation that the recession will continue to worsen brings the price of gold bullion at a significant increase. The big day has finally arrived and today we will see the first-ever African-American president step into office. Many investors are currently pondering where the economy will lead us to and they are looking to Barack Obama for clues about the future. Things just aren’t looking good right now for many investors besides of course $20 Lady Liberty coins and other safe-haven investments that have historically proven to protect and profit during difficult times like the ones we are experiencing right now. Even if Barack Obama’s fiscal stimulus plan of over $800 billion actually works, it’ll take quite a while for it to kick in fully and in the meantime we could see further spikes in precious metals. Of course, if the plan doesn’t work then we’re looking at nearly $1 trillion added onto our debt, which will cause further inflation and possibly end us up in a Depression.
Today’s gold spot prices rose significantly up to $862 per ounce, a $20.20 or 2.40% increase for the day and the $24.70 or 2.95% increase in the last 30 days. Prices are projected to continue increasing in the next several weeks as speculation about a new president and the state of the economy strikes fear and questions into the minds of many investors. Let’s hope things get better, but until then we have $20 Lady Liberty coins to back us up.
Senior Staff Writer – Certified Gold Exchange