January 14 - Daily Gold Eagle Update

January 14, 2009 – Investors who buy gold Eagles had some good news to wake up to today, as gold rebounded back up from its one month low, up $5.20 to around $825.10 per ounce. This is a $3.10 increase in the last 30 days, which equals out to be around .38%.

As always, we have the economic crisis to thank for this sudden overnight fluctuation. The Dollar gained some strength last November, but throughout late December and January, it’s been proven that American Dollars are still standing on shaky ground. 2009 might see a strong comeback, but if late 2008’s rise in investors who buy gold Eagles is any indication, nobody’s holding their breath.

Luckily, while most American are certainly worried and anxious about what 2009 may hold, the majority of people who buy gold Eagles are armed with, at the very least, a security blanket against an unsteady Dollar, turbulent stocks, and an unpredictable housing market.

There’s a lot of uncertainty for the New Year in terms of the economy. Maybe the only thing an investor really can count on these days is that, whether the American Dollar rebounds, whether it has another fall, or whether all of this turbulence levels off, inflation is not going to stop. It is as much a certainty as death and taxes. With that in mind, if you buy gold Eagles today, they are not likely to depreciate significantly in value any time soon. Precious metals may be one of the few investments left that we can truly feel secure with. Have an excellent day.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer - Certified Gold Exchange