Liberty Gold Coins Posted by James Randolph on March 05, 2009
Here We Go Again….
March 5, 2009 – The gold spot price is rebounding once again as investors begin to take advantage of a one-month low for that signalled an excellent time to purchase bullion and certified metals such as Liberty gold coins. Precious metals are currently being used as an alternative to stocks and bonds because they are historically safe-haven assets that can do well during this troubling economic recession. Earlier in the week we saw the Dow Jones plummet to an 11-year low under 7000 points while the gold spot price lost nearly 9% after peaking out at $1007 per ounce on February 20. All of this market fluctuation has caused a buying opportunity in the precious metal market that has significantly increased the demand for such products like the American Eagles and Liberty gold coins. The metal is projected to outperform the majority of other markets and entering when the prices are low could mean a sound investment in the long term.
Today the gold spot price has increased to $920 per ounce, up $17 or 1.88% for the trading day and also up $18.10 or 2% in the last 30 trading days. Market outlooks continue to look more bullish than ever and the major financial institution Merrill Lynch has officially raised their 2009 forecast by 11% from $875 per ounce to $1000 per ounce. Many investors and market analysts are comparing safe haven investments like Liberty gold coins to unstable assets like stocks and making the decision that 2009 may be an excellent year for precious metals. All we can do is hope and see for ourselves…
Senior Staff Writer – Certified Gold Exchange