America, Save Us! Posted by James Randolph on December 12, 2008
America, Save Us!
December 12, 2008 – Rescue plans are the talk of the day as the United States auto industry prepares for its much-needed assistance from the US Treasury until Congress can find a long-term solution. The big three are certainly not happy that their companies are in great danger and with President-elect Obama calling the auto industry the backbone of the United States economy, there is much question about our uncertain future as well as global economy as a whole.
Gold has done excellent this month, it is currently trading at $822 on the COMEX, a $112.50 increase which equals out to be a 15.86% gain in the last 30 trading days. This week alone gold has risen 9% while stocks are fluctuating rather uncontrollably. Silver on the other hand, has fallen $0.07 to $10.24 while platinum falls $13 to $823 per ounce. Certified coins such as the $20 Saint-Gaudens and the $20 Lady Liberty have shown solid increases this week with very little decline in fluctuation. Certified metals are proving to be a great hedge against our troubling economic times and even though they have fluctuated, just like any other investment, they have prevailed and are proving that they may just be the optimal investment during times like these. It’s historically proven that certified metals such as gold react well during economic hardship. This is why I continue to say, invest in certified metals, ride the roller coaster and come out a winner in the end. Have a beautiful weekend and happy certified gold investing!
Senior Staff Writer – Certified Gold Exchange