Daily Gold Eagle Update

March 4, 2009 – American coins have always been a favorite to both collectors and investors of precious metals, and their demand has increased significantly in the past few years, as many market analysts believe that we are in the middle of one of the most important gold cycles in history. Investors around the world are considering purchasing American coins as a result of the exponentially increasing gold prices that have put on roughly 350% of their original value in the last eight years. Just last year alone, the World Gold Council reported a 64% increase in demand that goes to show how many more people are looking to solidify their investment portfolios with physical possession safe haven investments like gold American coins. There are many recommended purchases when looking to invest in precious metals, and it really all depends on your goals and whether or not you’re purchasing for safety or profit. Hopefully the majority of wise investors catch on to this trend before spot prices go through the roof.

Gold Eagles have experienced a nearly $100 loss in value during the past eight days, which is directly related to a large amount of profit taking in the market that has pushed spot prices down into the area of $908.50 per ounce, a drop in value of $7.30 for the day yet still an increase in value of $3.70 for the month. Many expert market analysts believe that prices will rebound within the next two weeks as result of safe haven demand increasing once again.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Eagle.org