Daily Gold Eagle Update

May 18, 2009 – Gold Eagle coin investing is bar none the most popular precious metal coin diversification available, and both household and institutional investors have been taking advantage of coins like the American Eagles and $20 Saint Gaudens for several years now due to their impressive preservative and profitable attributes. The lingering problems with stocks, bonds and real estate has caused wise investors to seek a more preservative investment during troubling economic times, and fortunately many have found the potential they seek with gold Eagle coin investing. As you may already know, there are two major categories of Eagle coins; modern day bullion American Eagles and pre-1933 certified Double Eagles. Investors who strictly seek profit potential typically purchase the modern-day bullion American Eagles because they hold a low premium and they are extremely easy to purchase and sell. On the other hand, investors who seek preservation potential typically purchase the pre-1933 certified Double Eagles because their higher premium usually gives investors more profit and preservation when used over a long period of time, plus they are non-confiscatable unlike bullion.

By around 2:10 PM Eastern Standard Time, it appears like the gold spot price has taken a moderate step due to a stronger United States stock market, yet many market analysts believe that this rally in stocks will not sustain because of the overall problems with the United States Dollar and our corporations. The spot price is currently at around $918 per ounce, falling down 1.39% for the day yet still climbing up 5.68% in the last 30 days.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org