Daily Gold Eagle Update

April 24, 2009 – The gold Eagle value of both the bullion American Eagles and certified rare $20 Saint-Gaudens is increasing today, and it looks like the metal in particular is headed towards its first weekly gain in five, which puts it up to a three-week high. Global investors are currently flocking to precious metals because of increasing fears that fiat currencies may become devalued due to massive stimulus packages that historically wither away at paperbacked assets. It’s only obvious that this sentiment would occur sooner or later, especially since the United States Government has pumped trillions of dollars into several markets in order to prevent a complete economic collapse. Inflationary and deflationary fears are beginning to grow as investors feel that the financial crisis may get worse before they can see the light at the end of the tunnel, and fortunately the gold Eagle value may benefit from all this negative economic sentiment with the possibility of even doubling in the upcoming years if safe haven demand continues to grow exponentially.

By around the midday trading hours, it appears that the gold Eagle value is increasing yet again and many wise investors are taking advantage of this scenario by purchasing their favorite bullion and certified investment-grade rare coins. The spot price of the metal is currently at around $910.70 per ounce, a spike of .76% for the day and also a spike of 2.72% in the last year. We recommend that investors keep a close eye on the dollar index because short-term projections are expecting an inverse correlation between precious metals and fiat currencies.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org