NGC Certified Coins Posted by James Randolph on February 19, 2009
Gold Bubble Growing
February 19, 2009 – NGC certified coins as well as precious metals in general are remaining as one of the ideal investment choices to investors around the nation and even though stock prices have fallen a bit today due to short-term selling, the long-term outlook is showing to be more bullish than ever. Yesterday was an exciting day for gold especially since it reached a high of $988.70 per ounce, which was last seen on July 15 and was officially only 4% away from the all-time record high. If we examine the long-term effects that the stimulus and bank bailout plans could have on our economy, it’s clear to see that high inflation could result from this excessive lending and thus many corporations could flounder due to problems with the United States dollar. During these times of instability, precious metals exchanges are witnessing a higher amount of wise investors purchasing NGC certified coins as well as bullion coins and bars because they are simply fed up with the losses that they may have experienced with traditional paper investments like stocks and bonds.
Today during midday trading, the gold spot price is at around $971.80 per ounce, down $11.70 or 1.19% for the trading day but still up $116.10 or 13.57% in the last 30 trading days. As the metal approaches its record high, we could see even more investors flocking to the market not only to profit during this rally but also to preserve hard-earned wealth that could be lost with unstable equities. According to the latest market projections, the record high should be surpassed this year and there is a potential of going up to $1500 per ounce as the economy worsens. I wish you the best luck when investing in precious metals and NGC certified coins.
Senior Staff Writer – Certified Gold Exchange