Daily Gold Eagle Update

February 20, 2009 – Gold Eagle values have spiked up today as gold climbs up to its 11 month high and flies by the $1000 per ounce benchmark due to worries that the global economy is getting worse every single day. The global crisis is causing wise investors around the world to purchase precious metals as well as find the ideal gold Eagle values in order to make the best out of their investment. The sale of the 1-ounce American Eagle has increased more than 400% last month than previous sales in 2008. Investors simply don’t want to take the risk of owning stocks and bonds since they could be a dangerous investment to own during a high inflationary period such as the one we could experience as a result of our massive $787 billion stimulus plan. The United States Government has already planned on borrowing an impressive $2.5 trillion this year in order to fix our economy and create more jobs…

Today, precious metals investors are seeing gold Eagle values increase along with the spot price of the metal, which is currently at around $1004.70 per ounce, an increase of $31.50 for the day and also an increase of $150.90 for the month. The metal is already at its highest price since last March when it reached its record-high and the latest projections are saying that the record could be surpassed very soon and that it could even head into the $1200 per ounce benchmark due to the worsening financial crisis. I wish you the best luck when investing in precious metals.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Eagle.org