Daily Gold Eagle Update

April 9, 2009 - Gold Eagle bullion coins are extending their gains for the third trading session as speculation arises that the recent rally to stock markets could be halted after both George Soros and Marc Faber projected a contraction with dollar backed investments. The recent market movement with these gold Eagle bullion coins has been directly related to movement with the United States Dollar and stocks that have both seen a rally in the past month as many Americans were optimistic that the recession would end sooner than expected. Sure enough, the optimism may have ended based on the fact that inflationary pressures are causing serious fears for anyone who has their hard-earned wealth invested in any asset connected directly to a weakening dollar. In other news, George Soros has mentioned that President Barack Obama “lost a great opportunity” to fix the banking crisis by not taking a more radical approach. This is also creating some sentiment that the United States could be digging its own deep and dark hole. Fortunately for American investors, we can protect ourselves by purchasing gold Eagle bullion coins that historically appreciate in value during these negative economic times.

American Eagles are increasing in value along with the spot price of gold that is trading in the area of $881.60 per ounce, a rise of $1.60 for the trading day and a .2% increase in value since the beginning of the year. Although short-term movement has been a bit rough, long-term spot prices could increase considerably according to GFMS who is projecting $1100 per ounce and higher by the end of the year as inflationary pressures build.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org