Looking To The Future Posted by James Randolph on January 14, 2009
January 14, 2009 – Certified coin projections continue to remain positive despite gold and silver prices falling for the third straight day in New York as the strengthening United States Dollar confused investors about precious metals as an alternative investment. Gold and the Dollar have been moving adversely and it looks like this fluctuation may take a break today due to the news about the United States retail sales data for December coming out worse than expected. This data showed a 2.7% loss in sales last month and it is projected that this alone could turn the tides, thus decreasing the value of the United States Dollar and increasing the value of gold as a safe haven investment. It looks like the certified coin projections could become a reality in the near future as investors realize the severity of the global financial crisis.
Gold has fallen $8.30 today, down 1% to around $812 per ounce. This is a $24.90 or 2.98% drop in value in the last 30 days. As you may or may not know precious metals usually take a few steps forward and then a few steps back and the current decline that we are at right now with gold is a sign for interested investors to enter the market if they have not already done so. With the certified coin projections at around 20% to 30% higher by midyear, this could be an excellent opportunity for wise investors. My advice is, take advantage of the market and keep your eyes on commodities and currencies. Have a beautiful day!
Senior Staff Writer – Certified Gold Exchange