Daily Gold Eagle Update

March 9, 2009 – The gold Eagle Mint, also known as the United States Mint has seen a significantly increased demand for both American Eagles and 1-ounce Buffalo coins. Both are becoming popular short-term and long-term investment tools for many precious metal investors and it’s fortunate that an increasing amount of people are interested in solidifying their portfolios with safe haven assets, especially since the metal has been projected to be the best performing commodity during 2009. Eighteen out of twenty two investors and market analysts from Tokyo to Chicago that were surveyed last week believe that the metal will rise again this week due to heightened fear about the global economy. Bullion is already up 6.2% this year while the United States Dollar is up 9.3%, and the MSCI World Index has fallen more than 25%, an impressive comparison that should definitely be taken into consideration before making an investment in an unstable market. It’s crucial to invest directly with a company that has products certified by the gold Eagle Mint in order to make the best out of your investment nowadays.

Today the spot price of the gold is moving down to $918.80 per ounce, a decrease of $19.60 for the trading day, yet still an increase of $7.40 in the last 30 trading days. Bullion coins produced by the gold Eagle Mint could continue being the preferred choice for American investors, and the demand for them could increase even higher if problems begin to occur with the United States Dollar during 2009. One of the recent short-term projections I read earlier spoke about $2000 per ounce becoming a possibility within the next 12 months unless adequate government intervention takes place now in order to prevent inflation in the future.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org