Daily Gold Eagle Update

February 13, 2009 – Investors continue to seek the profitable and preservative potential of the infamous American Eagle proof sets because they have become a staple in investment and collection portfolios around the nation. Gold in general has become one of the ideal investments to own during this recession especially since the escalating financial crisis has pushed up prices by more than 40% since last October. The overall investment demand for physical possession precious metals like the American Eagle proof sets is increasing and wise investors simply want a store of value so they do not lose any more hard-earned wealth in their equities. Many of them don’t even realize the profit potential that these metals hold and simply by looking at the latest market predictions we can outlook that 2009 could be a powerful year for gains in the values of American Eagle proof sets.

Today during midday trading we are seeing the spot price of the metal fall to around $939.50 per ounce, this is a .81% decrease in value for the trading day but still a 3.85% increase in value for the year. Newer projections released yesterday said that the metal has the potential to reach $5000 per ounce by 2012 and we may just see this occur especially since it is predicted that the United States could be more than $15 trillion in debt by then. I wish you the best of luck when investing in precious metals.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Eagle.org