December 19, Daily Gold Eagle Update

December 19, 2008 - Gold Eagle prices have seen some slight fluctuations in spot price as gold holiday buying slows down a bit due to higher prices. The slowdown proves to be an excellent time for investors to take the opportunity of getting into the gold Eagle coin market while they can. Gold is currently trading at $837.10 per ounce; a 13.91% or a $102.20 increase in the last 30 trading days. This large monthly jump has caused thousands of investors to become interested in the gold Eagle market once again and projections for 2009 prices are saying that we could see anywhere between $900 and $1000 per ounce by early next year due to a world uncertain about their futures.

Current oil prices show that scarcity may lay in the near future and oil is currently trading at its five year low of $34 per barrel. There is much tension in the world right now and students and youth in Greece, France and Italy are protesting with major riots against governments and leaders that have made their futures much more difficult. In total, they have accumulated €1.3 billion in damage, if that doesn’t make a point, I don’t know what will. Luckily the United States hasn’t witnessed anything catastrophic like that. Unemployment levels in the United States have decreased just a bit this month, down a few thousand but still at 4,384,000 unemployed. President-Elect Barack Obama has a planned stimulus package of a little less than $800 billion that may bring some stability to the United States and its economic backbone. Happy holidays and don’t forget to pick up some gold Eagles will you still can.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer - Certified Gold Exchange