Certified Coin Values Posted by James Randolph on July 31, 2009
Economic Recovery And Inflation
July 31, 2009 – Certified coin values are increasing today as the gold spot price climbs for the second consecutive trading session, set for a monthly gain as a result of a significantly weaker United States Dollar Index and growing speculation about inflation down the road. Our latest economic data shows that the United States economy contracted at a slower-than-expected pace in the second quarter of 2009, yet it is still contracting along with our Gross Domestic Product while inflation slowly but surely grows in the background. Several market analysts are forecasting that certified coin values may continue fluctuating in the current range until next year when the gold spot price could skyrocket as a result of the Federal Reserve increasing interest rates in order to begin “stabilizing” the economy. For those investors who don’t know, the United States Government has already mentioned that inflation will be a vital part of our economic recovery, and the last time that our economy faced a similar scenario was in the late 1970’s when the Federal Reserve increased interest rates during a high inflationary period, thus driving the gold spot price up more than 800% in just two years.
By 11 AM Eastern Standard Time, certified coin values are climbing as a result of further gains with the gold spot price that currently sits at $939.80 per ounce, increasing $6.10 for the day, and also increasing $13.20 in the last month. The latest market projections are showing mixed forecasts by several market analysts, with some believing that spot prices could climb up to $975 per ounce while others believing that spot prices could contract towards the $900 per ounce resistance level.
Senior Staff Writer – Certified Gold Exchange