Learn Why Gold Eagle Investing Is Recovering After Profit-Taking Directly At Gold-Eagle.org

February 16, 2010 – While December and January proved to be a bumpy ride, February is shaping up to be a very strong month for Gold Eagle investing as the market recovers from profit taking to post strong gains. This correction and recovery bodes well for investors who are looking for the American Eagles to be a source of income in the days and months ahead.

Gold has been recovering nicely after a strong run by the US dollar. The dollar was able to run against foreign currencies, especially the euro, building momentum and temporarily crossing back above the 80 mark, only to drop 0.761 to 79.65 today. Gold was still recovering from its record run in December and also fell prey to the dollar, in spite of any substantial fundamentals to support gains in the US currency. These factors were underscored by American Gold Eagle bullion selling only 85,000 coins in January, down from 92,000 last year and a huge drop from 247,000 in December.

The debt crisis in Europe has been the tipping point. While Greece and other EU countries struggle, gold has become the apparent hedge of choice for people to move their money. Investors and economists alike are beginning to question the dollar’s long-term health, leaving gold as the traditional choice for protecting assets.

This time of change has made the Gold Eagle a very strong prospect for investments going forward. New American Eagle bullion offers a traditionally strong short-term investment, with easy transactions and high liquidity. Certified rare Eagle coins have often provided investors with secure, long-term investments that have outperformed even bullion because of the desirability and scarcity of these pre-1933 coins. As gold recovers from the profit taking of the past two months, Gold Eagle coins offer strong potential as profit making investments going forward. 

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org