PCGS Certified Coins Posted by James Randolph on June 10, 2009
Up, Down Or All Around?
June 10, 2009 – The gold spot price is fluctuating between gains and losses today as the latest economic data is creating uncertainty with the majority of investing markets, and currently the United States Dollar is strengthening while major stock indexes are falling, yet many wise investors are continuing to protect their hard-earned wealth with bullion and PCGS certified coins that have already increased in value more than 9% this year. Gold is currently being used for a dual purpose; short-term profit-taking and long-term wealth preservation, and the metal’s demand could continue increasing as the year progresses because of inflationary and deflationary pressures that we may see down the road. It appears that short-term profit-taking investors are diversifying into bullion bars and coins while long-term wealth preservation investors are diversifying into PCGS certified coins that are being considered one of the most preservative investments at the moment. Always remember that gold is not for everyone, and it’s very important that you analyze your investing goals and needs before entering the market in order to find out whether the metal is right for you.
During the midday trading hours, bullion coins like the American Eagles and Canadian Maple Leafs are taking a very minor step backwards while many PCGS certified coins like the $20 Saint Gaudens and $20 Lady Liberty are holding on strong to their value despite the gold spot price falling to $952.20 per ounce, down $2.40 for the trading day yet still up $36 in the last 30 trading days.
Senior Staff Writer – Certified Gold Exchange