Certified Gold Coin Pricing Posted by James Randolph on July 07, 2009
Safe Haven Rebound
July 7, 2009 – Certified gold coin pricing is headed upwards today as the spot price of gold rebounds despite a stronger United States Dollar and speculation that an “economic recovery” may be underway. Within the past few months, the United States Federal Reserve has frequently mentioned that the financial crisis may come to an end by 2010, and this has caused many investors and market analysts to rethink their short-term investing decisions. Simply by looking at the latest economic data, we can see that the financial crisis is only getting worse as unemployment approaches 10% and corporations nationwide are closing their doors, yet the worst of our problems may come from the long-term inflation that could spark once the financial crisis ends and the Federal Reserve begins to increase interest rates. Several market analysts are predicting that certified gold coin pricing could begin to increase in value significantly because the gold spot price has a tendency to skyrocket during similar economic times. For example, during the late 1970’s, the United States was facing a similar inflationary economic environment when the Federal Reserve decided to increase interest rates, thus pushing the spot price up more than 850% in just two years.
By around 1:30 PM Eastern Standard Time, certified gold coin pricing is on the rise as a result of increasing safe haven demand in the United States that has boosted the spot price up to $928.80 per ounce, an increase of $3.90 for the trading day, yet a decrease of $5.20 in the last 365 trading days.
Senior Staff Writer – Certified Gold Exchange