Daily Gold Eagle Update

January 26, 2009 – Gold US coins like the American Eagle and Buffalo coins are increasing in value today as the spot price shoots up during midday trading despite some initial hesitation over the weekend. Investors are realizing once again that precious metals may be the only way to hedge their assets during the upcoming inflationary period and with predictions about President Barack Obama’s $825 billion stimulus plan only increase inflation the long run, it only makes sense to choose and investment that protects from such things. Gold US coins historically increase in value during difficult economic times, which are why we’re seeing masses of investors flock to the market again in seek of the ultimate alternative investment since the stocks and bonds markets just aren’t doing the trick right now. As the United States Dollar gets weaker by the day, it’s expected that prices should continue to increase and just in the last two weeks we’ve seen a 12% gain in value which is not bad considering most other investments have been at a loss for the last year.

Today we’re seeing gold trading in the area of $904.60, a $6.30 increase for the trading day and a $35.90 increase for the month. The latest projections for Gold US coins continue to look bullish and many who projected lower prices earlier in the year have changed their thoughts to signal a more positive future for the metal. This is destined to be an exciting year for us investors so hang on tight and invest well. Have an excellent day.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Eagle.org