Certified Rare Coins Posted by James Randolph on January 26, 2009
Gold Flying High
January 26, 2009 – Certified rare coins continue to see increases in value today after a weekend of built-up speculation of a worsened economy as massive amounts of money is preparing to be injected into the global banking system which should continue to drive the prices of gold to even higher levels. Today we see gold extended gains for the third straight trading session due to a weaker United States Dollar that is sparking investor appeal for a safe haven asset. Just two weeks ago we saw the contrary and the metal was falling while the Dollar was strengthening but since last week we’ve seen such significant gains that since January 15 there has been a 12% gain in value of gold. As of today the metal are the greenback are running in their opposite directions, thus investors are becoming bullish towards precious metals and certified rare coins while taking positions in the “investment of the generation” once again.
By midday trading, we’re seeing gold in the area of $904.60, up $6.30 or .70% for the trading day and up $35.90 or 4.13% for the last 30 trading days. The future of precious metals as well as certified rare coins continues to look very positive and I’m really expecting some significant gain in prices by the end of the year. According to the latest projections, we could be seeing 20% to 25% before 2010 so we definitely have a lot of room for growth at the moment. Invest well and have a beautiful day.
Senior Staff Writer – Certified Gold Exchange