PCGS Coin Investing Posted by James Randolph on August 17, 2009
Gold Down Again, But Not For Long…
August 17, 2009 – The gold spot price is currently headed downwards side-by-side with the majority of stock indexes as the United States Dollar Index strengthened considerably, yet it appears that wise investors are still turning to PCGS coin investing in order to potentially protect their hard-earned wealth from the inflationary pressures that lie ahead. Despite gold falling to the lowest price this month on the New York Mercantile Exchange, several market analysts are predicting that a rebound is imminent, mostly due to the unstable United States Dollar that may not have the strength to sustain a rally for much longer. According to these market analysts, the gold spot price will likely continue trading inversely with the dollar unless safe haven demand sparks for both assets. This being said, it’s very important that we keep a close eye on both the spot price and the Dollar Index when PCGS coin investing in order for us to determine future market fluctuation.
By 11:45 AM Eastern Standard Time, PCGS coin investing is proving its wealth preservation potential as several investment-grade coinages like the $20 Saint Gaudens and $20 Lady Liberty are showing no movement despite the gold spot price tumbling to $933.10 per ounce, decreasing $14.50 for the trading day, yet still increasing $147.10 in the last 365 trading days. The latest short-term market forecasts are predicting a spot price rebound by the end of the week if negative economic data begins to affect investor sentiment.
Senior Staff Writer – Certified Gold Exchange