Daily Gold Eagle Update

June 9, 2009 – Gold Eagle investing is increasing in popularity today, and it appears that a few investors are shifting away from the United States Dollar and mainstream investment markets in exchange for physical possession bars and coins that are being considered a much safer diversification at the moment. The United States Government has overprinted trillions of dollars since the beginning of this recessionary cycle, and many investors and market analysts believe that this will create long-term inflation. To make matters even worse, the U.S. Government and Federal Reserve believe that the latest financial data is showing signs of an “economic recovery,” thus they plan on increasing interest rates by the end of the year if the “recovery” continues. For those of you who don’t know, investors who were involved with gold Eagle investing during the last high-inflationary, rising interest rate cycle of the late 1970’s made over 800% profit as the gold spot price skyrocketed based on massive safe haven demand. Fortunately, if this same type of market movement occurs nowadays, you could be in a similar situation as those wise investors in the 1970’s simply by beginning gold Eagle investing at the right time.

By around 2:20 PM Eastern Standard Time, the majority of gold Eagle coins are showing small increases in value, yet up is always better than down, and currently the spot price of the metal is trading at around $953.80 per ounce, an increase of $3.10 for the day and also an increase of $37.60 in the last 30 days.

Daily Updates Archive

Joshua Harris

Senior Staff Writer - Gold-Eagle.org