Indian Gold Coins Posted by James Randolph on June 25, 2009
Short-Term Save Haven Fury
June 25, 2009 – The United States Dollar continue seeing pressure today after the Federal Reserve mentioned that they will leave interest rates at “exceptionally low” levels for an “extended period” of time, thus many wise American investors are flocking to safe haven assets like the Indian gold coins that are being considered some of the best investment-grade rare coins to own at the moment. Indian gold coins come in several different denominations, making them affordable for investors in different price ranges. Historically, safe haven investors flock to popular precious metal products like the Indian gold coins as a hedge from problems with dollar-backed assets. With the United States Dollar currently facing a troubling short-term and long-term future, several market analysts are predicting that the demand for gold could continue increasing as inflationary and deflationary pressures force many investors to flock away from stocks and bonds in exchange for one of history’s most valuable assets. This being said, if you feel that you could benefit by beginning a diversification into precious metals today, don’t hesitate to learn more about the market before the economy worsens.
By around 3:15 PM Eastern Standard Time, Indian gold coins and other popular gold products are continuing to increase in value today for the third consecutive trading session as the spot price climbs to $938.40 per ounce, up $6.30 for the day, down $13.70 in the last month, yet still up $53.10 in the last year. Short-term projections continue looking bullish, with several market analysts expecting $950 per ounce by next week.
Senior Staff Writer – Certified Gold Exchange