Gold Coin Exchange Posted by James Randolph on December 18, 2009
December 18, 2009 – Investing markets encountered substantial fluctuations this week due to the strengthening US dollar and some renewed confidence in US stock indexes. Many American investors have been anxious about shifting funds into non-traditional investments, but investments that are considered “traditional” and mainstream” have been far too volatile over the past few years so some investors have contacted a major gold coin exchange to make the lateral move into physical possession of bullion and rare precious metals.
The tumbling gold spot price began last week, and continued this week with the only anomaly occurring on Friday of last week. Today’s trading floor is still wide open, and right now the gold spot price is holding steady just about $1100 per ounce on the CONMEX division of the New York Mercantile Exchange (NYMEX).
Since 2001, physical possession gold buying has been on the rise because more investors have seen the mountain of debt that our nation is under. Not only that, but our government has held interest rates exceptionally low for a historically long amount of time, and the recent reports of wholesale inflation (up 1.8% last month) and core inflation (up 0.5% last month) are strong indicators that we could be looking at higher prices and less spending power in the future.
Some investors foresee short-term inflation, which is a direct result of the printing presses that have been running non-stop. If our government keeps inflation in check for the near future, then gold prices would likely diminish. If you believe that inflation will affect your spending power for the next year or so, then you may want to contact a gold coin exchange to facilitate a gold bullion investment.
On the other hand, if you believe that an inflationary cycle is only another chapter in the financial downfall of the United States, you fall into the demographic of investors who have historically outperformed gold bullion investors by holding certified gold coins long-term. To learn more about the potential profitability and wealth preservation powers of gold bullion and certified gold coins, contact a reputable gold exchange that can be found by typing in that term to a major search engine, or register below for the 2010 Insider’s Guide to Gold investing, provided free-of-charge by the Certified Gold Exchange.
Senior Staff Writer – Certified Gold Exchange