Best.Certified.Coin.Prices Posted by James Randolph on May 07, 2009
Bank Stress Test Fears Escalate
May 7, 2009 – The gloomy government stress tests on 19 of the largest United States banks will be released later on in the day, and many wise investors are seeking the best certified coin prices in order to begin preserving their wealth with an asset that could thrive during this financial crisis. The best certified coin prices should always be below their official price guide value because typically the companies that certify coins release these values on a retail level as opposed to a discount level. For example, the Professional Coin Grading Service has the PCGS Price Guide, which is almost always a bit overpriced. American investors looking for the best certified coin prices could find them by dealing directly with the Certified Gold Exchange that has long been supplying competitive pricing on all of the most popular investment-grade rare coins such as the $20 Saint-Gaudens and $20 Lady Liberty.
By around 12 PM Eastern Standard Time, it appears like the gold spot price is taking a small step in the upward direction, currently trading at $913.20 per ounce, increasing $2.20 or .24% for the trading day and also increasing $32.10 or 3.64% in the last 30 trading days. An interesting projection from Mark Bristow, CEO of Randgold Resources Ltd. said that spot prices will most likely reach $1200 per ounce over the next 12 months based on higher safe haven buying. This being said, make sure that you track the market along with any indicators that could create significant safe haven demand.
Senior Staff Writer – Certified Gold Exchange