High Relief St. Gaudens Posted by James Randolph on February 12, 2009
High Relief St. Gaudens Continue Gaining Value
February 12, 2009 – The High Relief St. Gaudens coins are increasing in value today along with the daily spot prices of most safe haven metals. Although today we’ve seen some small fluctuation in the price of gold, the metal continues to rise due to the increased safe-haven demand and even more news that the economy will not get better anytime soon. Today we’re also seeing stocks and crude oil losing ground due to investors lacking confidence in the majority of corporations and the United States economy. Earlier I was reading a Bloomberg.com article that said that the economies of 16 countries using the Euro is likely to shrink more than 2% during 2009, which goes to show that Europe is experiencing the same problems. European stocks are also falling today as a result of speculation that the United States stimulus and bank bailout measures won’t be enough to revive the global economy. Luckily, for those invested in High Relief St. Gaudens coins as well as any other investment grade certified rare coins are seeing decent profit and solid preservation during this difficult time.
Today we are seeing the spot price of gold climbing to around $948.40 per ounce, this is a $9.30 or .99% increase for the trading day and also a $128.10 or 15.62% increase in the last 30 trading days. As always the projections continue looking positive for the metal as well as the High Relief St. Gaudens and for example the Goldcorp Inc. founder Rob McEwen predicts that spot prices could soar to $5000 per ounce within the next four years. I wish you the best of luck when investing in precious metals.
Senior Staff Writer – Certified Gold Exchange