Gold Coin Investments Posted by James Randolph on June 30, 2009
Where Is The Rebound?
June 30, 2009 – Gold continues falling today as market uncertainty continues based on mixed economic data that has many Americans confused about investment markets at the moment, yet several market analysts are expecting a rebound this week based on short-term weakness with stock indexes and long-term weakness with the United States Dollar based on inflationary pressures, thus we may see more wise investors beginning gold coin investments in the near future, especially since the current spot price is shining as a short-term bargain hunting opportunity. Gold coin investments have increased in value more than 5% this year as mainstream investing markets continued suffering from speculation that the financial crisis would worsen, and the latest economic data is showing that despite a worsening economy, consumer spending is on the rise. This comes as no surprise after the United States Federal Reserve has said and done nearly anything they can in order to prevent a massive loss of confidence in dollar-backed assets, yet the reality of the situation is that long-term problems could be much worse than expected. Fortunately, gold coin investments thrive during unstable economic times because investors flock to the metal as a safe haven from vulnerabilities with stocks, bonds and real estate.
By around 1:15 PM Eastern Standard Time, the gold spot price continues heading in the downward direction as the United States Dollar strengthens in the short-term, thus the metal currently sits at $927 per ounce, down $10.30 for the day, yet still up $2.10 in the last year.
Senior Staff Writer – Certified Gold Exchange