Gold Exchange Rates Posted by James Randolph on January 19, 2009
January 19th, 2009 – Certified Gold Exchange rates for PCGS and NGC coins went unchanged today as the bullion gold market dropped 9 dollars on very light trading. Expect gold exchange rates to rise as investors start recovering from blistering weather and a long holiday season.
As America gets ready to throw a 150 million dollar party for its 44th president Barak Obama, I wonder if anything can change with our financial shortfalls under this new administration. Now I know that president elect Obama will take office with an extremely high approval rating of 79 percent, however I just can’t help but wonder if this 150 million could go to a better cause than celebrating a new commander and chief. You see I don’t blame any party for our current financial fiasco, I blame the system that both parties have created and if the change that Obama was referring to was spending triple what Bush’s inaugural celebrations cost, then this is not the change I was hoping for. In case anyone forgot to remind those in DC we don’t have this 150 million. I don’t want to be a party pooper, but come on folks we are running on empty in this country and someone needs to realize that were going need to push this car down the road if we don’t refuel. So do I expect gold exchange rates to rise under the new commander in chief? Yes I do, because throwing a 150 million celebration when real Americans are being put on the streets by the thousands, looks like business as usual to me. I’m just waiting to see what the fireworks display looks like with all this talk of a new environmentally friendly administration. Yes folks expect little change with the country’s debt load and expect the gold exchange rates to rise.
Senior Gold Specialist
Certified Gold Exchange, Inc