Daily Gold Eagle Update

January 23, 2009 – Gold American coins like the American Eagle and Buffalo as well as the $20 Saint-Gaudens and $20 Lady Liberty coins have shot up in value today as the spot price of the metal continues to increase significantly due to increased safe haven demand. It seems that everything except precious metals and the United States Dollar is having very difficult time right now including equities, crude oil and a variety of other major currencies. People are really finding safety and profit potential with gold American coins right now, which is why prices are predicted to continue increasing throughout 2009 and most market analysts feel that prices will surpass record highs significantly before the end of the year. Only time will tell, but this may just be an excellent time to own some gold American coins while we still can.

Today the spot price is around $893.70 per ounce, a $37.30 or 4.36% increase for the day and a $46.70 or 5.51% increase in the last 30 trading days. The latest 2009 projections continue to look bullish and many are saying that even the more speculative projections of $1500 per ounce could be a reality this year especially since many people did not believe the economy would be as bad as it currently is. As things continue to get worse, precious metals could thrive as they usually do during difficult economic times. All I can say is, invest well and have a beautiful day.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer - Certified Gold Exchange