Daily Gold Eagle Update

April 10, 2009 - Gold Eagle values rebounded during the middle of the week as Americans began to realize the dangers with dollar backed investments like stocks due to inflationary pressures that are on the rise. Hard-working Americans have lost massive portions of their wealth in the past few years with the devaluing stock market that has fallen more than 50% since 2001, and after all of this negative market movement, several have continued to invest in devaluing stocks while others took a more safe haven approach by diversifying into safe haven assets like gold. The metal in particular have seen impressive upward fluctuation since 2001, increasing in value more than 300% at times, and this has caused much speculation that the metal could be one of the ideal investments to own during this recessionary cycle. Just last month we saw the spot price along with gold Eagle values increase to $1007 per ounce, which is a clear sign that American investors fear instability with other financial markets. Could this be the ideal time to diversify into precious metals before it’s too late? Maybe so.

There really hasn’t been much fluctuation with gold Eagle values this week and it is because the United States Dollar and equity markets have been seeing small increases in value. The spot price of the metal is trading in the area $881.60 per ounce and several large financial institutions such as GFMS are predicting that inflationary pressures could push spot prices into the area of $1100 per ounce and even higher by the end of the year.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org