Daily Gold Eagle Update

February 6, 2009 – The gold Eagle coin is proving its profit and preservation potential during 2009 and investors who bought some during late December have already seen a nearly 9% increase in value, not bad considering other investments like stocks and bonds have already lost more than 5% this year. Many market analysts are saying that this may just be the beginning of one of the most powerful years for the metal and with President Barack Obama’s $819 billion stimulus plan nearing its launch, high inflationary times may be right around the corner. Fortunately for precious metal investors, the gold Eagle coin has a history of thriving during high inflation and serious economic recessions. The destructive currency policies that are about to be implemented to save the economy could have a completely adverse affect and instead plunge us into a hole deeper than the one we are in right now.

During midday trading we’re seeing the gold Eagle coin lose some value as the gold spot price comes down into the area of $912.80 per ounce, a decrease of $1.70 for the trading day but also an increase of $70.80 in the last 30 trading days. We’re currently seeing the majority of market analysts remaining positive about the future of the metal and with short-term projection saying that we could hit $1000-$1500 per ounce, it makes sense to own some bullion bars or coins while we still can. Invest well and have a great day.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Eagle.org