Daily Gold Eagle Update

February 2, 2009 – Gold Eagle coin investments lost some ground today as speculation arises that the six-month peak in value was overdone due to over-speculative concerns. Although this may be correct in some aspects, the economy is only proving to get worse by the day and it is historically proven that gold Eagle coin investments increase in value during difficult economic times such as the ones we’re experiencing right now. Last week alone we saw the price of the metal rise 3.1%, which made it an overall 5.2% increase for the month and recent short-term predictions are saying that February will be an even more powerful month for profiting. Anything is possible right now and by taking a look at the external economic factors such as the United States Dollar and crude oil prices, we can easily tell that these predictions could become a reality as the recession continues to deepen.

Today during midday trading the gold spot price sits at around $914.60 per ounce, this is a $12.50 decrease for the day and a $39.70 increase for the month. Projections for gold Eagle coin investments in both long-term and short-term time lengths are looking positive and with many people saying this could be one of the most powerful years ever for precious metals, it definitely makes sense to properly diversify while it is still possible. I wish you the best luck when investing in precious metals and have a great trading day.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Eagle.org