$20 Lady Liberty Coins Posted by James Randolph on March 02, 2009
Pushing Back Up…
March 2, 2009 – The gold spot price seems to be inching its way up after nearly seeing a sixth day of declines in New York trading due to increased safe haven interest. Investing markets are experiencing losses everywhere and for example, equities have nearly cut in half while major commodities have lost up to 60% of their value and real estate has tumbled more than 40%. It’s interesting to know that gold bullion like the American Eagles and certified metals like the $20 Lady Liberty coins are approaching their all-time highs as a result of all the instability in other markets. Warren Buffett himself said that the American economy is in “shambles,” which is yet another reason why stocks are down today and precious metals are rebounding after a week of losses. There is an increased fear occurring in the minds of investors at the moment that could drive them into purchasing historically profitable investments like $20 Lady Liberty coins in order to hedge their wealth from losses that could be experienced with unstable assets.
Today the gold spot price moves up to $943.70 per ounce, an increase of $4.10 or .44% for the trading day and also an increase of $16.60 or 1.79% in the last 30 trading days. Projections for the metal continue to increase by the day as more and more people start to realize the potential of the market and begin feeling bullish about the future of safe haven investments. I wish you the best of luck when investing in precious metals and $20 Lady Liberty coins.
Senior Staff Writer – Certified Gold Exchange