Certified Rare Coins Posted by James Randolph on May 15, 2009
Gold Continues Climbing To 6-Week High
May 15, 2009 – The gold spot price has been on the rise steadily in the past two weeks, and today it hits its six-week high as many investors are beginning to protect their hard-earned wealth with modern-day bullion and pre-1933 certified rare coins. Recent fluctuation with the metal seems to be very closely related to the weakness in the United States Dollar and stock markets that are floundering at the moment based on inflationary concerns that are growing as economic data is being released showing that the financial crisis is getting much worse than we had expected. The United States Government has done everything from injecting stimulus and bank bailout packages to purchasing billions of dollars in toxic debt, and this all boils down to overprinting of dollars that are withering away at the hard-earned wealth that we have already made. Fortunately, if things continue to get worse for the economy, wise investors who own safe haven metals like certified rare coins could protect themselves from the onslaught of losses that may loom right around the corner.
By around 1:55 PM Eastern Standard Time, it appears like physical possession demand for bullion and certified rare coins is increasing once again as the word is being spread about the preservation and profit potential of precious metals during both inflationary and deflationary economic environments. Currently, the gold spot price sits at $928.60 per ounce, up $2.90 or .31% for the day and also up $38 or 4.27% in the last 30 days.
Senior Staff Writer – Certified Gold Exchange