Daily Gold Eagle Update

May 6, 2009 – Gold bullion Eagles are commonly known as the most popular bullion product in the world because of their beautiful design and historically powerful profit potential. The gold bullion Eagles are a replica of the original $20 Saint-Gaudens coins that were minted between 1907 in 1933, and the original design was so beautiful that the United States decided to create a replica for its modern-day coinages. Investors who purchased them in 2001 and held onto them until now would have made about 300% profit on their initial purchase, and this attribute makes them very interesting to investors who were diversified into other financial markets that floundered since then. It’s very important to understand that although bullion is known to be an excellent short-term profit-taking tool, it does hold vulnerabilities in the long-term, especially during times of serious economic distress. Bullion confiscation is one of the biggest fears to those who own these coins, and this is why investors who have these fears could do better by owning the non-confiscatable, original $20 Saint-Gaudens.

By around 2 PM Eastern Standard Time, gold bullion Eagles and several $20 Saint-Gaudens coins are increasing in value as the spot price continues its rally up to $910.10 per ounce, spiking up 1.58% for the day, spiking up 4.77% in the last month and also spiking up 3.94% in the last year. Several market analysts expect further increases in the event that the upcoming government bank stress tests are released showing serious problems with the lending power of our major financial institutions.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org