Liberty Gold Coins Posted by James Randolph on January 23, 2009
January 23, 2009 – Liberty gold coins as well as all precious metals in general are spiking today to a three-week high due to falling equities and worried investors seeking the ultimate safe haven during difficult times. Gold is proving to be an amazing inflation hedge and alternative investment at the moment and today’s unexpected spikes are proof of this. The United States Dollar also continues to increase in strength versus the majority of other currencies while crude oil prices fall. Many investment analysts are recommending every type of investor to purchase whatever type of gold product we can, including the popular Liberty Gold coins that are currently profiting at a higher ratio than bullion at the moment. It’s also recommended that people purchase the metal and hold onto it for the next 12 months because projections are saying that a record high will be seen by the end of the year, and maybe even higher.
Today we see the gold spot price soar up to $893.70 per ounce by midday, up $37.30 or 4.36% just today, up $46.70 or 5.51% in the last 30 days and up $8.90 or 1.1% in the last 365 days. These gains are nothing other than impressive and this proves to be one of the best times ever to own precious metals and Liberty gold coins especially since projections are saying that we can easily see $1500 per ounce before 2010. Let’s hope things keep on getting better, invest well and have a beautiful day.
Senior Staff Writer – Certified Gold Exchange