$20 Lady Liberty Coins Posted by James Randolph on August 07, 2009
Short-Term Recovery For Long-Term Problems
August 7, 2009 – Investment-grade certified rare coins like the $20 Lady Liberty coins continue holding strong to their value as the gold spot price declines for the third consecutive trading day based on economic data showing that a short-term “economic recovery” may be underway, yet the long-term problems that may result from this could be a lot worse than expected. Some of the most important economic data that has been released came directly from the Labor Department saying that the pace of US job losses fell to 247,000 during July, bringing the overall nationwide jobless rates to 9.4%. As you may already know, one of the primary reasons why we are seeing optimism in the United States economy is because the Federal Reserve and Treasury have pumped trillions of dollars into our economic system in order to prevent a collapse that may have happened already if it wasn’t for the massive stimulus and bank bailout packages. According to several market analysts, inflation could become a severe problem in the United States within the next few years, and fortunately safe haven gold products like the $20 Lady Liberty coins have proven their ability to thrive during high inflationary economic environments.
By 12:20 PM Eastern Standard Time, several PCGS and NGC certified rare coins continue maintaining their value, particularly the $20 Saint Gaudens and $20 Lady Liberty coins, despite the gold spot price falling to $957 per ounce, decreasing $6 for the trading day, yet increasing $47.90 in the last 30 trading days.
Senior Staff Writer – Certified Gold Exchange