January 16 - Daily Gold Eagle Update

January 16, 2009 – Today would be a great day to prepare an American Eagle investment, as we saw a significant jump in the value of the gold Eagle over yesterday with the price of the metal going up $16 to around $833.70 per ounce on the COMEX. It’s a small rise, to be sure, but more important is what this small rise indicates, which is the fate of the United States Dollar over the coming months.

The Dollar had a small $.42 rise on the global marketplace a few days ago, but as we’ve seen time and again; you can’t rely on the American Dollar making a comeback anytime soon. Over time, the Dollar only depreciates in value while the value of an American Eagle investment historically only tends to go up over the years. Today, the Dollar is down, and gold is up once again.

The only thing investors can really be sure of in this economic crisis is that the traditional means of investment aren’t as safe as they once were. Collector and investment grade coins like American Eagle investment are simply offering a way for economy-weary investors to take their finances into their own hands. A good investment in precious metals could make or break one’s financial security, so it’s no wonder we’ve seen record breaking numbers of new investors over the last year or so. Have an excellent day and don’t forget to invest well!

Daily Updates Archive

Arthur McGuire

Senior Staff Writer - Certified Gold Exchange