Certified Coins2 Posted by James Randolph on May 27, 2009
All Eyes On General Motors
May 27, 2009 – Many American investors have been quite cautious about their investment decisions in the past few days, especially since large corporations such as General Motors are beginning to show signs of dangerous vulnerability as the financial crisis continues to worsen despite the latest statements from government officials and market analysts saying that the recession may end soon. Wise investors are simply doing anything they can in order to protect their hard-earned wealth, and it seems like certified coins are a popular choice at the moment due to their historically profitable and preservative qualities during troubling economic times. Certified coins hold several distinct advantages over modern-day bullion products and mainstream investments like stocks and bonds, and one of the most widely recognized advantages is that the United States Government cannot confiscate them in the event that the United States Dollar collapses and the President needs to confiscate bullion in order to backup the fallen dollar. This alone gives investors the security and preservation they require with a fully private asset.
During the midday trading hours, it appears like several investment-grade certified coins along with modern-day bullion coins are showing decent increases in value as the spot price of gold begins to rebound after yesterday’s small slump that was caused by investors eagerly awaiting direction from the United States Dollar and equity markets. Today the metal is trading at around $957.10 per ounce, increasing five dollars or .53% for the trading day and also increasing $50.50 or 5.57% in the last 30 trading days.
Senior Staff Writer – Certified Gold Exchange