Daily Gold Eagle Update

February 23, 2009 – Gold Eagle projections for both the bullion American Eagles and certified investment-grade Saint-Gaudens coins have been bullish since late last year, yet several investors still don’t have faith in the precious metal market and have decided to stick with equities that have the potential of serious losses with the hyperinflation that could occur on the United States economy. There have been many comparisons between precious metals and stocks and it is very important to also note the projections that both investments had been forecasted to achieve during 2009. For example, many gold Eagle projections are saying that the metal could reach $1500-$1600 per ounce by the end of the year while stock projections are expected to decrease by another 15% or at best, stay flat. Several years ago, an investment analyst named Walter Murphy from Merrill Lynch projected that the metal would become the “buy of generation” and it’s quickly living up to its name by nearly reaching its record high last week with the potential of surpassing almost every other investment at the moment.

Today we are seeing the daily market gold spot price rising to around $993.30 per ounce, up $.10 for the trading day, which equals to an increase of $48.70 in the last 365 trading days. As wise investors around the nation finally realize that there is not much safety with mainstream investments at the moment, they could flock to precious metals such as American Eagles and $20 Saint-Gaudens coins, which could result in the latest gold Eagle projections becoming a reality in the upcoming months. I wish you the best of luck when investing in precious metals.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Eagle.org