PCGS.Certified.Coins Posted by James Randolph on April 29, 2009
April 29, 2009 – The uncertainties about the future of the United States economy continue today, and the rally to safe haven investments has many wise American investors diversifying into PCGS certified coins and other popular precious metal diversifications. There are many different economic factors that are causing fluctuation with financial markets at the moment, but one of the most interesting seems to be the latest quantitative easing measures by the United States Government. Today, the Federal Reserve will conclude a two-day meeting that focuses on central bank lending rates along with the purchasing of toxic assets. Supposedly, they are trying to revive growth in the US by purchasing $1 trillion in asset backed securities as well as buying $300 billion in long-term treasuries and $1.45 trillion in mortgage debt. These quantitative easing measures may create some short-term confidence in the US dollar and its stock market, yet it has been projected that instability may lie right around the corner as a result of the inflation that may result after this overprinting of fiat currency.
By around 11:30 AM Eastern Standard Time, it appears that more American investors are turning to PCGS certified coins and other popular gold products as the spot price of the metal climbs to $899.40 per ounce, up $6.10 for the trading day and also up $28.70 in the last 365 during days. More uncertainty may lie ahead for the United States economy, so it is recommended that investors keep a close eye on any news that may create more fluctuation for precious metals down the road.
Senior Staff Writer – Certified Gold Exchange