Daily Gold Eagle Update

May 20, 2009 – The recently released economic data is showing that the United States recessionary cycle is worsening, and this has caused more wise American investors to begin gold Eagle coin investments because historically the metal has proven its preservation potential during times of economic distress. The United States is currently facing the worst recessionary cycle since the first Great Depression, and mainstream investments like stocks, bonds and real estate have slowly but surely withered away in the past few years. One of the biggest concerns to many investors at the moment seems to be inflation because it is expected to grow significantly in the next few months and years as the United States Dollar begins devaluing as a result of our excessive overprinting of currency. Stocks, bonds and real estate may experience further losses down the road if the financial crisis worsens, and this is why wise investors are beginning gold Eagle coin investments in order to protect their hard-earned wealth from the uncertainties that lie ahead.

By around 1:40 PM Eastern Standard Time, the American demand for gold Eagle coin investments is increasing considerably, and the United States Mint is reporting exponential increases in demand for the modern-day bullion American Eagles. The current gold spot price sits at around $938.10 per ounce, spiking up $13.10 for the day and also spiking up $19.30 in the last 365 days. Short-term market projections are saying that the spot price may reach a new all-time record high in the next few months if investors continue flocking to the metal like they are right now.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org