Certified Rare Coins Posted by James Randolph on January 29, 2009
January 29, 2009 – Certified rare coins continue to prove their outstanding potential during this financial crisis as precious metals rebound after the early-morning trading session due to sliding equities and increased demand for a safe haven investment. Stocks have fallen today after a four-day rally and it’s really due to companies showing their lowest earnings in a very long time and the unemployment levels rising to record highs. Yesterday the U.S. House passed the official $819 billion stimulus plan that is supposed to cut taxes for many people and businesses while providing billions of dollars to rebuild the foundation of the weakening United States economy. During all of this mayhem, precious metals and certified rare coins are becoming an ideal investment especially since they are historically proven to profit and preserve wealth during times of economic weakness like the ones we are experiencing right now.
Today we saw the gold spot price fall during early-morning trading and rebound up during the midday session and it is currently trading at $893.70 per ounce, up $7.30 or .82% for the trading day and also up $13.10 or 1.49% in the last 30 trading days. Projections for the metal and their safer counterparts, certified rare coins continues to be bullish and now that the stimulus plan has officially been passed it’s a waiting game to see when inflation will strike again. Invest well and have a beautiful day.
Senior Staff Writer – Certified Gold Exchange