Daily Gold Eagle Update

May 13, 2009 – American coins are becoming more popular precious metal investments because they are approved and guaranteed by the United States Government for their weight and purity. There are many different types of gold American coins available for purchase, and they happen to fall into two major categories; bullion coins and certified rare coins. Bullion coins are very popular because they carry a small premium above the spot price, plus they have proven to be useful profit-taking tools. On the other hand, certified rare coins are also quite popular despite carrying a higher premium above the spot price because of their rarity, yet they have proven more profit and preservation potential than bullion when held over a longer period of time. The most popular bullion American coins are the American Eagles and the Buffaloes while the most popular certified rare coins are the $20 Saint-Gaudens and the $20 Lady Liberty. Both of these categories of coins hold several distinct benefits and risks, and this is why we recommend that investors work with a market expert in order to find out what may be best for their portfolio.

By around 1 PM Eastern Standard Time, the majority of gold products are showing moderate gains for the trading day as the spot price climbs to $926.90 per ounce, moving up .43% for the day and also moving up 3.84% in the last month. Just this week alone, the spot price has increased 1.2% while the Dollar Index has slid .6%. This negative correlation is creating more investor sentiment that the financial crisis may be worsening.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org