Daily Gold Eagle Update

July 22, 2009 – Safe haven demand is increasing today, thus many wise American investors are flocking to gold Eagle coins in order to potentially protect their hard-earned wealth from a weaker United States Dollar and inflation concerns. Gold Eagle coins have increased in value 7.5% this year while mainstream investing markets like stocks have suffered from unstable fluctuation. Currently, the gold spot price has risen to $951 per ounce, increasing $2 for the trading day, and also increasing $28.40 in the last 30 trading days. The latest short-term market projections are forecasting $975 per ounce by next week if the United States Dollar Index continues showing signs of instability.

According to US Federal Reserve Chairman Ben S. Bernanke, inflationary pressures are limited at the moment because interest rates will be kept low for an “extended period” of time. What many investors don’t understand is that once the Federal Reserve feels that our economy has “recovered,” they will increase interest rates, thus triggering the dangerous inflation that is slowly but surely growing in our economy at the moment. Several market analysts believe that gold Eagle prices may climb above and beyond $1200 per ounce by next year because safe haven demand could skyrocket as it typically does during times of instability with fiat currencies. This being said, it’s very important that investors protect themselves as of now in the event that inflation begins to wreak havoc with investing markets. Feel free to browse this website for further information on gold Eagle investing.

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org