Daily Gold Eagle Update

May 11, 2009 – Gold Double Eagles are some of the most popular investment-grade certified rare coins because their overall beauty and wealth preservation potential makes them a “must have” to many investors and collectors around the world. The gold Double Eagles got their name because they were worth $20, which was double the value of the original $10 Eagles. Between the years of the California Gold Rush and the 1933 confiscation of bullion, there were two major types of Double Eagles that were minted by the United States Government, the $20 Lady Liberty and the $20 Saint-Gaudens. The $20 Saint-Gaudens replaced the $20 liberty Lady Liberty because President Theodore Roosevelt wanted to beautify American coinage similar to the ancient Greek coinage. As far as investing is concerned, Double Eagles in certain investment-grade varieties could make a solid long-term wealth preservation tool that has benefited many investors since the rally to gold began in 2001.

By around 1:20 PM Eastern Standard Time, several gold Double Eagles are holding onto their value quite well as opposed to the modern-day bullion American Eagles that are losing value side-by-side with the spot price of the metal that sits at $913.50 per ounce, decreasing $2.70 for the trading day yet increasing $29.30 in the last 365 trading days. Several market analysts are expecting a powerful rally into precious metals within the next few months based on inflationary pressures that may wither away at the United States Dollar and American stock indexes that are directly related to the strength of our fiat currency.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org