Certified Coin Investments Posted by James Randolph on August 13, 2009
Safe Haven Demand Sparks Again
August 13, 2009 – The United States Dollar and mainstream dollar-backed assets have taken a significant hit today as wise American investors are flocking to gold and certified coin investments in order to protect their hard-earned wealth from the inflation that lies ahead in our unstable economy. The Federal Reserve has just decided to leave their benchmark interest rate between 0% and .25%, thus this has sparked expectations of a weaker United States Dollar down the road, because after all this is only prolonging the inflation that is slowly but surely growing in our economy. According to several market analysts, gold and certified coin investments may continue being supported by weaker economic data that is constantly reminding us of the vulnerabilities in our economic system. Many have forecasted that the spot price may climb above and beyond its all-time record high of $1033 per ounce once the Federal Reserve finally decides to increase interest rates significantly, thus creating the ideal economic environment for inflation to begin growing at a rapid pace.
By 11:30 AM Eastern Standard Time, certified coin investments are benefiting from today’s climbing gold spot price that currently sits at $957.10 per ounce, increasing $9.90 for the trading day, and also increasing $31.80 in the last 30 trading days. Bullish short-term market projections are forecasting that the spot price could climb up to $975 per ounce by next week, thus it’s very important that we keep a close eye on the gold market and other important external economic factors, especially the United States Dollar Index.
Senior Staff Writer – Certified Gold Exchange