Daily Gold Eagle Update

March 30, 2009 - Certified gold coins continue to hold onto their preservation ability despite last week’s decline in the spot price, and this week their values could even increase as safe haven demand is climbing yet again. The latest economic news is showing that governments around the world will need to make important decisions in order to determine the fate of several financial markets. Automobiles in particular are experiencing a tough time, especially since United States Government officials are saying that General Motors and Chrysler may be better off with bankruptcy in order to save themselves. Several market analysts believe that right around this time is when things will truly start getting worse, and this means that the possibility of another Great Depression occurring has increased. Fortunately, wise American investors who want to protect their wealth have the option of diversifying their portfolios into certified gold coins that are predicted to outperform most other financial markets such as stocks, the United States Dollar and even standard bullion products.

During the midday trading hours, the spot price is moving up a bit as bargain-hunting investors are beginning to take advantage of the market that is currently trading at around $925.30 per ounce, jumping up .24% for the day but still falling down .60% in the last year. The metal is remaining close to flat at the moment but it’s expected to increase into the area of $965-$990 per ounce by the end of the week. Invest well and don’t forget to diversify appropriately

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org