Certified Gold Coin Prices Posted by James Randolph on February 23, 2009
Potential Over The Horizon
February 23, 2009 – Certified gold coin prices are continuing to either increase in value or maintain their worth despite some small fluctuation in the precious metal markets today which is the obvious result of short-term investors looking to profit from the 11-months high that we saw last week. Investors have already seen the metal reach $1006.29 per ounce on Friday which is not very far off from the record high of $1030.80 per ounce seen in March 2008. The continuing potential that certified gold coin prices hold at the moment is impressive compared to other investments such as stocks that are bound to be affected by either an inflationary or deflationary economic environment that could be approaching sooner than expected. As the fear continues to build in the minds of wise investors around the nation, the demand for gold continues to rise as it is the only investment with a solid history of profit and preservation during a serious financial crisis.
Today certified gold coin prices are seeing some good stability as the metal increases about $.10 to around $993.30 per ounce. The average forecast for the first half of 2009 is saying that $1075 per ounce is a high possibility, which means that the record high could be surpassed within the next four months. More speculative projections have said that $1300-$1500 could be achieved by the end of the year, showing that there is much potential over the horizon for those who invest in the right thing at the right time. I wish you the best luck when investing in precious metals.
Senior Staff Writer – Certified Gold Exchange