Daily Gold Eagle Update

July 13, 2009 – Gold Eagle investing has increased in popularity today as the overall weakness with the United States Dollar and equity markets has forced many American investors into safe haven assets. Higher safe haven demand has pushed the gold spot price to around $919 per ounce, moving up $6 for the trading day, yet moving down $19 in the last 30 trading days.

Since early 2001, gold Eagle investing has slowly but surely become one of the most popular safe haven diversification methods available, because simply by owning coins like the 1-ounce American Eagles or $20 Saint Gaudens, an investor could protect their hard-earned wealth from the weaknesses that occur to fiat currencies when governments begin massive overprinting and quantitative easing measures. In the past two years, the United States Government alone has overprinted more than $2 trillion in order to prevent a complete economic collapse, and now many investors and market analysts believe that a hyperinflationary economic environment is almost inevitable down the road, thus the wise ones are protecting themselves as of now with one of history’s most preservative assets, gold. Between the years of 1978 and 1980, our economy was in a similar situation, with inflation growing at a dangerous rate and the Federal Reserve increasing interest rates as they are about to do very soon. The gold spot price increased in value more than 800% during this period of time. Feel free to browse this website for further information on the exclusive market of gold Eagle investing.

Daily Updates Archive

Joshua Harris

Senior Staff Writer - Gold-Eagle.org