Certified Gold Coins Posted by James Randolph on August 14, 2009
United States Falling Behind?
August 14, 2009 – Several investment-grade certified gold coins are remaining flat today as the United States Dollar strengthens mildly despite growing speculation that inflation could become a serious long-term issue. Despite today’s weaker precious metal markets, certified gold coins are headed for a fifth weekly advance as safe haven demand for these exclusive investments continues to rise. The latest economic data has shown that inflation is slowly but surely growing in our economy, yet several market analysts have projected that true inflation could be more apparent as the months pass by. Other economic data is showing that the United States economy in particular is not recovering as quickly as other global economies, and this should come as no surprise especially after our massive overprinting and quantitative easing measures that have put us into a deep hole that may take years for us to get out of. Fortunately, certified gold coins have proven their ability to thrive during both inflationary and deflationary economies.
By 2 PM Eastern Standard Time, the majority of investment-grade certified gold coins like the $20 Saint Gaudens and $20 Lady Liberty are not showing any movement, which is an advantage, especially since the gold spot price has fallen to $946.40 per ounce, decreasing $8.50 for the trading day, yet still increasing $21.10 in the last 30 trading days. The latest short-term market forecasts are predicting mixed investor sentiment, as the United States investing market seems to be split between risk-taking investors and safe-haven investors.
Senior Staff Writer – Certified Gold Exchange