Daily Gold Eagle Update

March 12, 2009 – Precious metals spot prices are shooting up for the second day in a row today, which has begun to rebound the values of bullion products like the $50 gold Eagle and certified investment grade rare coins like the $20 Saint-Gaudens. Safe haven demand is the main driver for the increased prices, and there seems to be worse news coming from banks and the United States economy, such as the fact that initial claims for state unemployment benefits rose to 654,000 Americans, a frightening number that simply means a crippled country. It’s no doubt that this financial recession has the potential to turn into the second Great Depression, and wise investors are taking the opportunity to invest in popular modern bullion products like $50 gold Eagle which has a history of thriving during these times. New investors are recommended to work directly with a reputable precious metal dealer, especially since the large amount of fluctuation in the market can make it difficult to know the ideal time to purchase and sell if you are not accustomed to the movement with safe haven investments.

Today, products such as the $50 gold Eagle are increasing quite impressively with the spot price that is at around $924.90 per ounce, jumping up $17 for the day and also jumping up $9.60 for the month. Short-term projections are saying that the metal will fluctuate along with the value of United States equities and the Dollar, so it could be ideal to track them in order to maximize investment potential.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org