Daily Gold Eagle Update

February 16, 2009 – A gold Eagle investment has become an interesting alternative to equities and bonds, especially since gold has increased in value more than 300% while many stocks have lost between 30% and 65% of their value. Times are certainly changing and companies like they Certified Gold Exchange have seen a spike in safe haven interest as well as investors looking to shift their mainstream assets into precious metals. This is certainly a wise alternative especially since the market is so bullish at the moment with the speculation that our $800 billion stimulus plan could cause some serious problems to the economy in the near future. All the money that the United States is spending right now in order to save itself could most likely result in long term inflation, which is increasing the demand of a gold Eagle investment as a hedge. Several market analysts are even saying that the current rallies to the metal are showing that prices may not drop down to the $800 per ounce mark for quite a while. Only time will tell.

The wise investors who own a gold Eagle investment will be happy to hear that the spot price continues to increase this morning and is currently at $942 per ounce, up $.40 for the trading day and also up $99.60 for the month. The future continues to look bullish for precious metal investors and with projections looking better almost every single day, it makes sense to own a few bars or coins during this ideal opportunity. I wish you the best luck when investing.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Eagle.org