Daily Gold Eagle Update

May 19, 2009 – Certified gold investing is a relatively new investment method that is catching on in investment portfolios nationwide as wise American investors are beginning to seek investment-grade certified rare coins as opposed to bullion and mainstream investments like stocks and bonds. As you may already know, some investments are more volatile than others, and it appears like certified gold investing may be one of the most preservative ways of storing hard-earned wealth when other markets are flopping. Certified rare coins hold several advantages over bullion and mainstream investments, such as the fact that they have proven volatility resistance, plus they maintain value longer than modern-day bullion that could fluctuate heavily on a day-to-day basis. The leading precious metal companies in the United States recommend that investors purchase products like the $20 Saint Gaudens Double Eagle between the Mint State Gradings of MS-61 and MS-66 because they have proven the most profit and preservation potential when compared to other assets.

By around 2 PM Eastern Standard Time, certified gold investing seems to be catching on a little bit more than yesterday, and this increasing safe haven demand is pushing the gold spot price closer towards its $930 per ounce resistance level, currently sitting at $927.70 per ounce, up $10.30 for the day and also up $26.10 in the last year. Inflationary pressures and other negative economic data may continue to create safe haven demand in both the short-term and long-term, so don’t forget to diversify if you feel that you could benefit from owning one of history’s most preservative assets.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org