Certified Rare Coin Pricing Posted by James Randolph on July 08, 2009
Red Across The Board
July 8, 2009 – A gloomy week continues for investing markets, and today many investors and market analysts are witnessing some stale market movement as everything from the United States Dollar to stocks and the gold spot price are in the red as a result of investor uncertainty about the future of this financial crisis, yet it appears that certified rare coin pricing continues to increase as many wise American investors are further exploring the gold market with hopes of finding a more preservative diversification. Within the past few years, certified rare coin pricing on the most popular, widely traded investment-grade rare coins have truly shown their ability to resist sudden market fluctuation, and today is a perfect example of this resistance as the spot price of gold tumbles more than $15 while rare coins like the $20 Saint Gaudens and $20 Lady Liberty continue showing upward movement. Several market analysts are expecting further contractions with mainstream investing markets until significant stability occurs with the United States Dollar, so until then, don’t be surprised if certified rare coin pricing continues to increase despite crumbling investing markets.
During the midday trading hours, the gold spot price has taken a significant step backwards as a result of many investors eagerly awaiting the outcome of this week’s G8 meeting. The metal is currently sitting at $908.70 per ounce, decreasing $15.40 or 1.67% for the trading day, and also decreasing $25.30 or 2.71% in the last 365 trading days.
Senior Staff Writer – Certified Gold Exchange