Daily Gold Eagle Update

January 8, 2009 – Gold Eagle bullion coins see some excellent upward fluctuation today due to the ever weakening United States Dollar and predictions that global economy will only get worse in the following months. There is so much uncertainty right now in the financial markets that investors do not know what is safe and what is not. With unemployment levels rising by the day and with the United States Dollar falling to three week lows versus major currencies, it only makes sense that investors feel the way they do now. Luckily, investments such as gold Eagle bullion coins are set to have a positive year and projections for the metal are saying that $900 per ounce is a high possibility in the very near future, with nearly $1200 per ounce projected by around mid-2009. Currently gold is trading at around $856.90 per ounce, a 1.77% increase for the day and a 10.48% increase in the last 30 days.

The future of gold Eagle bullion coins is dependent on the United States Dollar as well as the state of the economy. President-elect Obama warned that United States unemployment rates could go into the double-digit territory and that it reversible economic decline could be in the cards for us unless immediate government action takes place to revive it and actually works. As far as we know, previous attempts to boost the economy have been a complete failure and have only added to our $10 trillion+ debt with no sign of exit. As things continue to get worse, precious metal investors may see good times in the near future. Until then fellow readers, have a beautiful day!

Daily Updates Archive

Arthur McGuire

Senior Staff Writer - Certified Gold Exchange