Gold Eagle Prices

The headlines for Gold Eagle prices this month simply read, “Don’t worry about it”.

The fact is we’ve been keeping in the upper eight hundreds to lower nine hundreds range for a while now and the gold price still doesn’t seem to have peaked.

Of course, the actual Gold Eagle prices aren’t exactly the same as an ounce of gold, as you’re also paying the premium for the minting process, and the US Mint doesn’t exactly adjust the price by the minute to keep up with the spot price of the metal, but obviously gold and Gold Eagle prices do tend to correlate.

If you want some basic advice regarding the Gold Eagle prices and investing right now; hold onto your coins for as long as you can.

Sell a few off when you need to, but don’t think that the metal has peaked or is even levelling off. We’ve seen a number of jumps in the price over the last year or two, some small, some major. The fact is, all those new gold investors who had no interest in the metal or investment grade coins before the recession really hit, they’re still buying more gold, and this is only driving the value higher.

So of course, you don’t need to be an economist to know that this will continue at least until the recession is over, and the recession is not over yet.

Gold Eagle prices are most likely going to continue climbing alongside the metal as the recession continues. While many were hoping that Barack Obama would be the silver bullet to kill the recession, it turned out not to be the case. It’s an uphill battle, and we’ve only just begun to really fight it.

Furthermore, while Gold Eagle prices are likely to simmer down a bit if and when this recession does end, we can only hope that these new gold investors will hold onto some of their coins and be prepared should another recession hit.

Even so, the most optimistic predictions regarding this recession have it that we have at least a few more quarters to go. We’ve seen some small flutters of life in stocks, but very few are expecting those to flourish into a full-blown comeback.

And of course, regardless of whether the recession will ends soon or not, just take a look at current Gold Eagle prices: They’re going up while everything else is going down. This alone proves the importance of gold to American investors. Simply put, investing without a foundation of gold under your financial ventures is akin to taking a road trip with neither a cell phone nor a spare tire. You might never need to call for assistance or put “the donut” on your car, but who in their right mind drives without a spare?

So our advice is simple: Keep an eye on Gold Eagle prices and keep an eye on the financial news of the day. Know what’s going on in both the economy at large and the gold market. Buy when you can, sell what you must, and hold onto some of your gold no matter what happens.

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Stewart Lawson

Jul 12, 2009