PCGS Certified Coins Posted by James Randolph on February 18, 2009
Safe Haven Mayhem
February 18, 2009 – As more and more investors seek a safe haven during this financial crisis, they are turning to precious metals and PCGS certified coins as the answer to their problems. During early-morning trading the gold market remained relatively stable but it looks like the spot prices are starting to increase once again during the midday due to higher investment demand. We have already seen the metal reach its seven-month high as investors are starting to feel that the recent economic stimulus plan either won’t work at all or is too small to work at the moment. Citizens worldwide are losing confidence in their fiat currencies and thus they are looking towards any type of safe haven asset such as gold and PCGS certified coins that have a history of protecting investors during these difficult economic times. Only time will tell what will happen to the United States and it has been said time and time again that as long as this financial crisis continues, that gold prices will either remain stable or continue to rise.
Today the gold spot price moves up a bit into the area of $973.30 per ounce which is an increase of $3.80 or .39% for the trading day and also an increase of $139.60 or 16.74% in the last 30 trading days. The latest short-term projections are saying that the $1000 per ounce benchmark could be surpassed within the next few weeks as the safe haven mayhem continues and investors continue to seek gold and PCGS certified coins. I wish you the best luck when investing in precious metals.
Senior Staff Writer – Certified Gold Exchange