NGC.Certified.Coins Posted by James Randolph on April 30, 2009
April 30, 2009 – Global stock indexes are seeing a moderate rebound in value today, and this has lowered the short-term safe haven demand for precious metals like the bullion and NGC certified coins. Gold is currently headed towards its second monthly decline while the United States Dollar strengthens adversely after the Federal Reserve said that the pace of the economy’s contraction “appears” slower, yet it appears like they didn’t read the latest economic data showing a jaw-dropping 6.1% annual contraction rate in gross domestic product. All of this data is increasing the amount of risk-taking investors who are entering the stock market unknowing that the United States Dollar and its economy is in much worse danger than they would like to believe. Fortunately, the wise investors who want to protect their hard-earned wealth from the worsening economy could benefit by diversifying into NGC certified coins like the popular $20 Saint-Gaudens and $20 Lady Liberties that have benefited thousands of investment portfolios nationwide.
By around 10:50 AM Eastern Standard Time, investment-grade NGC certified coins are losing a small bit of their value, yet not as noticeable as the modern-day bullion coins that are falling side-by-side with the daily market spot price of gold that currently sits at $883.40 per ounce, down $15.70 for the day yet still up $6.60 in the last year. This significantly lower spot price has been predicted to spark bargain-hunting interest by investors who want to enter the market before a significant rebound occurs.
Senior Staff Writer – Certified Gold Exchange