PCGS Coin Investing Posted by James Randolph on July 20, 2009
Flocking Away From The Dollar…
July 20, 2009 – The United States Dollar Index continues to flounder today while wise American investors are flocking to gold and PCGS coin investing as uncertainty about the future of this financial crisis lingers. According to several leading market analysts, the safe haven demand for gold and PCGS coin investing could continue increasing as the dollar and paperbacked assets face further instability as a result of our latest overprinting measures. All eyes are currently on the United States Dollar Index, especially since it has been leading the way for most investing market since the beginning of the year. It is very important that wise investors keep a very close eye on the Dollar Index along with its inverse correlation with gold because long-term projections are forecasting a spot price of $1600 per ounce or higher if the fiat currency continues to lose significant chunks of its value.
During the midday trading hours, American investors have begun a small-scale flock into gold and PCGS coin investing as the United States Dollar Index falls .40 to a six-week low of 78.95. Currently, the gold spot price is climbing to $949.10 per ounce, increasing $11.40 or 1.22% for the day, and also increasing $15.40 or 1.65% in the last month. The latest short-term projections are forecasting resistance at $963 per ounce, yet significant safe haven momentum could push the metal to $975 per ounce by the end of the week if investors continue straying away from unstable dollar-backed assets.
Senior Staff Writer – Certified Gold Exchange