Certified Indian Coins Posted by James Randolph on March 03, 2009
Tumbling, But Not Fallen…
March 3, 2009 – Gold prices are falling today for the seventh session in a row as many investors have begun to sell their metal in order to cover the losses seen with stocks and other paper-backed investments. It is officially the longest drop seen since October and it is mostly based on the fact that the Standard & Poor’s 500 index has increased in value by more than 1.5% today. It’s impressive to note that certified Indian coins have maintained a spectacular amount of value since the metal reached its peak of $1007 per ounce on February 20, and several of the coins haven’t lost any value whatsoever. That’s definitely the advantage of owning investment-grade certified rare coins during this heavily fluctuating cycle, as they have the potential to both profit and preserve at the same time while other investments remain unstable. Gold in the form of bullion and certified Indian coins have proven their worth during both deflationary and inflationary periods during this financial crisis.
The gold spot price continues to move down and is currently at $915.20 per ounce, a decrease of $10.20 or 1.10% for the trading day and also a decrease of $11.90 or 1.28% in the last 30 trading days. The movement that is being experienced in the market at the moment is typical especially when prices rally so high. Fortunately, gold and certified Indian coins are expected to increase in value again when the safe haven demand increases as a result of weakening equities markets in the long term.
Senior Staff Writer – Certified Gold Exchange