Rare Coin Exchange Posted by James Randolph on March 13, 2009
Safe Haven Frenzy
March 13, 2009 – Safe haven demand continues to drive investors far away from failing equities and into a precious metal investment with a reliable gold and rare coin exchange. Spot prices are rebounding for the third straight session in a row as investors begin to see the full potential of safe haven assets during this troubling financial crisis. Equities are also continuing their downfall, and as of yesterday the Standard & Poor’s 500 Index has fallen 17% while gold has increased in value 4.5%. The metal is holding onto its value quite impressively and even though it has experienced some brief short-term sell-offs, it always seems to bounce back with more strength than before. Another big advantage is the fact that the metal is being referred to as an alternative to currencies at the moment, which means that investors are losing confidence in their historically unstable fiat dollars. 2009 is without a doubt showing many surprises for investors big and small, which is why it is crucial to diversify into the appropriate safe haven asset with a reputable rare coin exchange that can help you maximize your investment.
Today the spot price of gold continues to benefit from the increased demand, and the spot price currently sits at $930 per ounce, up $2.90 or .31% for the trading day yet still down $9.10 or .97% in the last 30 trading days. Short-term projections are revolving around the United States Dollar and how it could perform in the upcoming months. For example, China is the largest holder of US debt, and if they announce that they will no longer purchase this debt in United States Dollars, spot prices could skyrocket like never before. Keep your eyes on the economy and don’t forget to invest hand-in-hand with a rare coin exchange such as the Certified Gold Exchange for all your needs.
Senior Staff Writer – Certified Gold Exchange