Daily Gold Eagle Update

July 15, 2009 – The most popular investment-grade gold Eagle coins are increasing in value today as wise American investors continue flocking into the market in search of their ultimate store of wealth investment. The gold Eagle market is also seeing some new faces as the spot price of gold takes a leap forward up to $939.60 per ounce, increasing $14.30 for the trading day, and also increasing $11.60 in the last 30 trading days.

The gold Eagle market is seeing some significant gains today as safe haven demand in the United States has sparked based on a devaluing United States Dollar that is being led by inflationary concerns after our latest Producer Price Index and Consumer Price Index data. Both the PPI and CPI are showing growing inflation in our economy, and this should come as no surprise, especially since inflation tends to grow when governments excessively overprint fiat currency. In the past few years alone, the United States Government has overprinted trillions of dollars in order to prevent an economic collapse, yet even this might not be enough to prevent the inevitable. Fortunately, the gold Eagle market has proven its ability to thrive during both inflationary and deflationary times because the metal usually increases in value when dollar-backed assets contract. According to several market analysts, the gold Eagle market could continue thriving within the next few weeks if the United States Dollar Index faces further inflationary pressures as a result of more negative economic data that may be released in the coming days.

Daily Updates Archive

Joshua Harris

Senior Staff Writer - Gold-Eagle.org