Daily Gold Eagle Update

February 19, 2009 – Gold Eagle bullion coins are showing up in investment portfolios around the nation as many people are feeling sick and tired of losing any more money with dwindling equities that are instable due to a failing United States Dollar. It looks like many wise investors are boosting their physical possession precious metal holdings as a safe haven during these economic problems and also because it is known as a real asset of value because of its high preservation potential. It’s important to note that in the last few months we have seen the metal break away from its original trading relationships such as when it used to be directly connected to the United States Dollar and crude oil prices. Gold Eagle bullion coins are showing a mind of their own and as the metal increase in popularity it’s possible that significant spikes in price could be seen as a result of the higher demand.

Today the gold spot price takes a bit of a breather after reaching its seven-month high and peaking out at $988.70 per ounce yesterday as investors around the world anticipated the $1000 per ounce benchmark. Although many market analysts believe that the metal was over-purchased as a short-term investment, the long-term outlook is what really matters. During the midday trading hours, the spot price sits at $971 per ounce, which is a decrease of 1.19% for the day and an increase of 4.76% for the year. Let’s see where 2009 takes us. I wish you the best of luck when investing in precious metals.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Eagle.org