Daily Gold Eagle Update

January 20, 2009 – Gold Double Eagles see a small spike in value today as speculation of a deeper economic recession sparks investor interest for gold as a safe haven once again. Many investors feel that now is the time to invest in precious metals because of uncertainty with a new president starting today. This uncertainty along with fear about the economy is what is driving the increase in prices and many are saying that as things continue to worsen we could see further spikes in the near future. Everyone right now is hoping that Barack Obama delivers an effective stimulus package that will save the economy from both inflation and deflation but effects like this could take months and the crisis at hand requires more immediate action. Even if this plan were to work, it would only be a temporary fix because $800 billion would be a tremendous amount of debt added onto the shoulders of Americans. If the plan was to fail, we could end up in the next Great Depression and gold Double Eagles would probably turn into the most effective investment ever.

During midday trading gold is trading in the area of $862 per ounce, which is a $20.20 increase for the day and the $24.70 increase in the last 30 days. Projections continue to look positive and all eyes are on the new president along with the United States Dollar. This may just be one of the best times in history to own gold Double Eagles. Keep your eyes to the sky and invest well!

Daily Updates Archive

Arthur McGuire

Senior Staff Writer - Certified Gold Exchange