Certified Coin Investments Posted by James Randolph on January 28, 2009
Safe Haven Rethinking
January 28, 2009 – Today we see the price of certified coin investment remain stable while gold continues some small declines mostly based on speculation that the upcoming government aid will actually help the economy, thus some of the investors who moved into precious metals earlier are moving back into stocks. President Barack Obama is preparing his stimulus and bank bailout plans that are supposed to aid the United States in recovering from this economic recession but I find it very hard to believe that this will be an easy task. The US has already attempted to fix the financial crisis several times to no avail and the plans that are being prepared right now could be the last hope to save us before things get much worse. Because of this, several investors are putting their hope back into the United States Dollar without knowing that if this plan is unsuccessful we could be seeing a high inflationary period that would be bad for everything else besides commodities like precious metals and certified coin investments. It’s important to not put all your eggs in one basket, so even if you do have faith in the stock market, always have your safe haven assets in case things don’t go as planned.
Today gold falls $3.30 or .37% to around $894 per ounce but the metal is still at a $13.80 or 1.57% increase in the last 30 days. Certified coin investments as well as gold are projected to make significant gains this year if the financial crisis continues to worsen by the day. Let’s see what 2009 has in store for us. Have a great day and invest well.
Senior Staff Writer – Certified Gold Exchange