20 Saint Gaudens Coins Posted by James Randolph on August 06, 2009
Inflationary Concerns Resurfacing?
August 6, 2009 – The gold spot price is further extending its gains today as more wise American investors are purchasing popular safe haven assets like the $20 Saint Gaudens coins that have thrived in the past eight years as a result of our floundering economy. The Bank of England is following in the footsteps of the United States after boosting their quantitative easing program by pumping an unexpected $84 billion into their economy in order to prevent further contractions. This has sparked some serious speculation about inflationary concerns that have become a major problem in the past two years as a result of massive stimulus and bank bailout packages. According to several market analysts and several government officials, inflation is inevitable in our economy, and it’s only a matter of time before we face a high inflationary cycle prior to seeing a full economic recovery. This being said, it’s no surprise that so many wise Americans are flocking to purchase $20 Saint Gaudens coins that have proven their ability to thrive during unstable economic environments, with several of these coins increasing in value more than 320% since 2001.
By 12:30 PM Eastern Standard Time, PCGS and NGC $20 Saint-Gaudens coins are headed upwards as the gold spot price continues to extend its gains with no sign of stopping in sight. Today’s higher safe haven demand has pushed the metal to $964.90 per ounce, increasing $2.10 for the trading day and also increasing $40.80 in the last 30 trading days.
Senior Staff Writer – Certified Gold Exchange