Daily Gold Eagle Update

July 1, 2009 – Gold Eagle coin investing is becoming more popular today as physical possession safe haven buying is increasing in the United States after the latest negative economic data has left many American investors wondering about the future of investing markets and whether or not it is even possible for an economic recovery to occur with the next few years. According to today’s ADP employment report, companies in the US private sector have shed 473,000 jobs last month, and several economists are expecting the government alone to report more than 325,000 jobs lost, potentially bringing the nationwide unemployment rate to 9.6%, slowly inching its way up to the frightening 10% level that is commonly referred to with the United States Depression. Wise investors are currently flocking to gold Eagle coin investing as their ultimate hedge from the financial storm that looms over the horizon, and this comes as no surprise, especially since it is common to see a flock into safe haven assets during times of desperate financial crisis like the one that we are experiencing now. If you have not begun gold Eagle coin investing already, now may be a good time to learn about the investment options available to you with gold.

By around 12:30 PM Eastern Standard Time, the majority of gold Eagle coins are increasing in value across the board as higher safe haven demand has created a considerable gain with the daily market spot price of the metal that currently sits at $943.40 per ounce, moving up an impressive 1.81% for the trading day.

Daily Updates Archive

Joshua Harris

Senior Staff Writer - Gold-Eagle.org