Rare Coin Investments Posted by James Randolph on July 02, 2009
July 2, 2009 – And the teeter-totter with investing markets continues today as several economic factors along with speculation have caused many investors to simply live with the fact that unstable fluctuation may continue throughout this worsening financial crisis, yet many wise American investors are still turning to rare coin investments as a hedge from the growing vulnerabilities that are currently threatening dollar-backed assets. The majority of mainstream stock indexes have taken a significant hit today despite a stronger United States Dollar and a contracting gold price, and it appears that safe haven demand for rare coin investments continues to increase because several of the most popular investment-grade rare coins have shown significant resistance to sudden market volatility that has been experienced recently. Certified rare coin investments with products such as the $20 Saint Gaudens and $20 Lady Liberties have proven to be exceptional wealth preservation tools during times of economic instability, and today’s market movement is proving that.
By around 2 PM Eastern Standard Time, the gold spot price has taken a step backwards as a result of a stronger United States Dollar, yet the latest short-term market projections are expecting a rebound after the upcoming G-8 meeting that could create speculation about the overall strength of the fiat currency. Currently, gold is sitting at $930.60 per ounce, moving down $9.70 for the trading day, moving down $44 in the last 30 trading days, and also moving down $9.10 in the last 365 trading days.
Senior Staff Writer – Certified Gold Exchange