Daily Gold Eagle Update

May 22, 2009 – The American gold Eagles have slowly but surely become the most popular gold coinage in the world, and it appears like more and more investors are turning to their profit and preservation potential during these troubling economic times as inflationary pressures build and mainstream financial markets look less and less appealing. One of the most interesting things about gold Eagles is the fact that there are two distinct categories that investors can diversify into depending on their goals and needs. The first category is the modern-day bullion coins that were first minted in 1986, and investors typically purchase these coins for short-term profit potential because they have a low premium above the spot price which makes them easier to purchase and sell, yet since they are bullion, they are vulnerable to confiscation by the United States Government. On the other hand, the second category is the certified pre-1933 rare Double Eagles that were minted between 1907 and 1933, and investors typically purchase these coins for long-term preservation potential because they have historically proven lower volatility and higher profit when held over a long period of time, plus they are immune to confiscation.

By around 1:20 PM Eastern Standard Time, gold Eagles seem to be increasing in value moderately for the trading session as the overall investment demand for physical possession bars and coins is increasing substantially at the moment, currently pushing the spot price up to $957.50 per ounce, an increase of $3.60 for the day and also an increase of $66.80 in the last month.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org