PCGS Certified Coins2 Posted by James Randolph on May 28, 2009
And The Gold Rally Begins
May 28, 2009 – The gold rally has officially began, and technical market analysts are saying that the recent increases in the spot price may create significant momentum to push the metal up to its all-time record high. It appears like masses of wise American investors are beginning to purchase gold in the form of bars and coins, especially the PCGS certified coins that are being considered one of the wisest diversification options available at the moment. These PCGS certified coins are authenticated by the Professional Coin Grading Service, who happens to be one of the leading numismatic certification companies in the world. What makes these PCGS certified coins different from modern-day bullion coins like the American Eagles is the fact that several of them hold unique long-term profit and preservation potential that cannot be obtained with modern-day bullion, plus since they are rarities they cannot be confiscated by the United States Government in the event that the dollar continues to flounder and the President needs to back up our nation’s currency by confiscating gold from citizens.
During the midday trading hours, there is significant demand for gold that is increasing at the moment based on fears that the financial crisis may worsen and dollar backed assets may continue to lose value, thus investors are rapidly diversifying into the metal, pushing the spot price up to $961.80 per ounce, up $13.50 or 1.42% for the day and also up $61.90 or 6.88% in the last year.
Senior Staff Writer – Certified Gold Exchange