Daily Gold Eagle Update

June 24, 2009 – Safe haven demand is on the rise yet again today as the United States Dollar is being put under heavy pressure from several global leaders saying that the world is in desperate need of a newer and stronger reserve currency. Many wise investors are currently flocking into investment-grade rare coins like the gold Double Eagles because they are being considered one of the best safe haven diversifications that one could own at the moment. Gold Double Eagles that are certified by the Professional Coin Grading Service or the Numismatic Guaranty Corporation have given many investors the profit and wealth preservation that they seek during these uncertain economic times, and in the past eight years many of these coins have increased in value more than 350% while mainstream investments like stocks and real estate floundered. They are two different types of gold Double Eagles, the oldest one being the $20 Lady Liberty and the most popular one being the $20 Saint Gaudens. It is highly recommended that investors looking to purchase these investment-grade rare coins always do so with a market expert in order to find out which particular coinages may be right for their goals and needs.

By around 3 PM Eastern Standard Time, gold bullion Eagles are increasing in value slightly while Double Eagles are remaining flat for the trading day as they usually do when minor market movement is experienced with the spot price. Speaking of the spot price, it is currently trading at around $925.80 per ounce, increasing $3.20 for the day yet decreasing $30.70 in the last month.

Daily Updates Archive

Joshua Harris

Senior Staff Writer - Gold-Eagle.org