Daily Gold Eagle Update

March 6, 2009 – Investors nationwide are witnessing plunging stock markets and increased concerns about the instability of central banks, and thus they are purchasing gold US coins as a refuge from the dangers that may lie ahead with the global economy. In the past four months, the United States economy has lost more than 2.5 million jobs, which is the most we’ve seen since 1949. It almost seems like history is repeating itself and if things get any worse, we will almost certainly be in a second Great Depression. Wise investors are taking note of all these problems and shifting their funds away from stocks and into gold US coins and any other precious metal that has a history of reacting well to these negative financial problems. Short-term predictions are expecting investors to continue purchasing precious metals in large amounts at least until better news about the economy becomes released, if it ever does. Many people do not understand the potential of assets like gold US coins, and the few that already own them could be in for an enjoyable ride.

The metal is increasing in popularity once again which is being shown by the increasing spot price that is currently at $938.40 per ounce, up .64% for the day and also up 3.59% for the month. In the last two months, gold has increased in value more than 6.5% which is quite impressive considering that several stocks fell more than 4% yesterday and nearly 20% since the beginning of the year.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Eagle.org