Certified.Gold Posted by James Randolph on May 18, 2009
Dark At The End Of The Tunnel
May 18, 2009 – Just when many investors felt that the economy would begin its road to recovery, it appears like there is still some dark at the end of the tunnel, with inflationary pressures building faster than expected and investors flocking to bullion and certified gold investments that have proven their preservation potential during troubled economic times. Today it appears like the gold spot price is taking a small step back as stock markets enjoy a short-term minor rally that is projected to end once further economic data becomes released this week. Fortunately, many wise investors are beginning to diversify their hard-earned wealth correctly in order to cope with a worse financial crisis, and it seems like certified gold coins like the $20 Saint Gaudens and $10 Indian Heads are becoming investor favorites because not only can they profit when other markets flounder, but they are also non-confiscatable, which basically means that the United States Government cannot take them away from citizens in the event that they need to confiscate gold bullion to prevent an economic collapse.
During the midday trading hours, bullion bars and coins are decreasing value while several certified gold coins are maintaining their value as they usually do when the market takes a small step back. The gold spot price is currently at around $920.70 per ounce, down $10.20 or 1.10% for the day yet still up $19.10 or 2.12% in the last 365 days. Investors are highly recommended to keep a vigilant eye on the United States Dollar that has been the primary driver for spot prices in the last few weeks.
Senior Staff Writer – Certified Gold Exchange