Liberty Gold Coins Posted by James Randolph on June 26, 2009
A Happy Ending To A Hectic Week
June 26, 2009 – The trading week is ending on a positive note for gold as it continues extending its gains while the United States Dollar flounders based on expectations that record-low interest rates will boost demand for bullion and certified rarities like the Liberty gold coins. When compared to other investments, the Liberty gold coins have shown significant advantages as they have increased in value while at the same time resisting sudden market volatility that is common with modern-day bullion products and stocks. The overall physical possession investment demand for certified rare coins is continuing to increase today because more and more investors are seeking a less volatile, safe haven alternative to stocks, bonds and real estate. Let’s face it, dollar-backed assets are under serious pressure at the moment from both short-term deflation and long-term inflation, and during economic environments such as the one that we are experiencing now, gold has proven its ability to thrive and come out a clear winner while other investing markets floundered amidst a weakening economy.
By around 3 PM Eastern Standard Time, modern-day bullion products along with several investment-grade rarities like the Liberty gold coins are slowly but surely increasing in value as the daily market spot price of gold climbs to $940.70 per ounce, up $1.80 for the day and also up $55.40 in the last 365 days. Short-term market projections continue looking bullish, with several market analysts predicting up to $960 per ounce by next week.
Senior Staff Writer – Certified Gold Exchange