$20 Saint Gaudens Coins Posted by James Randolph on February 27, 2009
February 27, 2009 – Early morning trading showed increased demand for precious metals and $20 Saint-Gaudens coins as a result of the newly released GDP data. The data showed the depth in which the United States economy has sunk and it officially shows that we are in a very deep recession. It has been projected that Americans will continue to struggle until the credit crisis becomes resolved and unemployment starts to decline. The economic catastrophe that could occur if our government doesn’t take the appropriate action to fix this financial crisis could result in a crash in financial markets, which could be beneficial to gold and $20 Saint-Gaudens coins. As American citizens and investors desperately await signs of the stimulus package kicking in, there may be a lot of instability with dollar-backed investments such as stocks and bonds. Hopefully wise investors realize the opportunity to invest in gold bars and coins before it’s too late.
Precious metals bought prices started the day off well but then began to decline during the midday trading hours, and the current gold spot price is at around $936.40 per ounce, a decrease of $9.10 or .96% for the trading day but still an increase of $50 or 5.64% in the last 30 trading days. It’s very fortunate that $20 Saint-Gaudens coins have maintained value since the spot price was over $1000 per ounce, which goes to prove the preservation potential of certain certified rare coinages. I wish you the best of luck when investing in precious metals.
Senior Staff Writer – Certified Gold Exchange