Daily Gold Eagle Update

June 26, 2009 – Several American coins, including the modern-day bullion American Eagles and certified rare Double Eagles are increasing in value today as wise investors continue flocking into safe haven diversification in order to potentially hedge themselves from the current instability with dollar-backed assets. It is no surprise that we’re seeing higher safe haven demand today, especially since the Federal Reserve mentioned that they will keep interest rates at a low-level until further notice while at the same time continuing to purchase toxic treasuries with overprinted United States Dollars. According to several market analysts, the long-term effects of these quantitative easing measures will be high inflation because sooner or later the Federal Reserve will have to increase interest rates once they feel that the recessionary cycle is at its end. Fortunately, gold American coins like the American Eagles, $20 Saint Gaudens and $10 Indian Heads have proven their ability to thrive during similar economic circumstances in the past. If you feel that now is the time to begin a diversification into safe haven precious metals, don’t hesitate to learn more about the market in order to be better informed when it comes time to make a purchase.

By around 5:20 PM Eastern Standard Time, several investment grade gold American coins are headed in the upward direction as many wise investors are currently purchasing them as a hedge from short-term and long-term inflation, thus the higher demand has pushed the spot price up to $939 per ounce, an increase of $6.90 for the day, yet a decrease of $13.10 in the last month.

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org