Certified Indian Coins Posted by James Randolph on June 24, 2009
June 24, 2009 – Inflationary fears are growing today as speculation is arising saying that the Federal Reserve could continue with its $300 billion treasury purchasing program, thus many wise American investors are flocking to modern-day bullion and investment grade coins such as the certified Indian coins that have proven their resistance to inflation in the past. Since 2007, the Federal Reserve has overprinted more than $1 trillion, and with expectations to continue overprinting, it only makes sense that masses of investors are turning to inflationary hedges like the certified Indian coins in order to potentially protect their hard-earned wealth from the dangerous instability that lies ahead in this economic recession. The United States Dollar will most likely provide direction for gold in the short term, thus it is very important that we keep a close eye on it in order to maximize our profit and preservation potential with precious metals. Despite all the recent inflationary scares, several market analysts are saying that we are only at the very tip of the iceberg, with significant long-term problems laying just down the road.
By around 2:50 PM Eastern Standard Time, both modern-day bullion coins like the American Eagles and investment grade rarities like the certified Indian coins are increasing in value slowly but surely as the gold spot price climbs to $930 per ounce, up $4.10 for the trading day and also up $40.50 in the last 365 trading days. Short-term projections continue looking bullish, with several market analysts expecting a rally up to $950 per ounce or higher by next week.
Senior Staff Writer – Certified Gold Exchange