Certified Gold Posted by James Randolph on November 06, 2009
November 6, 2009 – Certified gold prices have risen dramatically this week, after a three-week hibernation. The recent spike of the gold spot price has aided certified gold coin prices, along with increased demand for government non-confiscatable assets. Although there are a wide variety of investment options available, many investors choose to shift their funds into the certified coin market because of the security and potential profit that this market provides.
When gold and silver spot prices fluctuate, certified coins generally shadow their movement. The inherent precious metal content of certified coins causes the coins to rise with escalating spot prices, and investors stand to gain profits from the increasing numismatic value of the coins. As with any antique or collector’s item, demand for certified coins could wane, but current economic conditions make it highly unlikely that these coins will depreciate anytime soon.
Projections are for the gold spot price to surpass the $1400 mark in 2010, and pessimistic investors may want to think again before doubting gold’s ability to reach those heights. The gold spot price exceeded the elusive $1100 mark around 11am EST, despite some Wall Street economists’ calls for profit-taking. Those economists desperately want to instill faith in US stock indexes, but the bulk of investors foresee long-term trouble for our traditional markets.
If economists like Peter Schiff are correct, the United States could be headed toward a depressionary cycle of a decade or longer. If you require portfolio protection, and a back-up plan in the event of a worst-case scenario, a physical gold investment may be your financial life preserver. Contact the Certified Gold Exchange directly at 800-300-0715 to educate yourself about recent changes in the certified gold market.
Senior Staff Writer – Certified Gold Exchange