Daily Gold Eagle Update

February 12, 2009 – The history of American Eagles have shown that during times of high inflation and economic stress they not only increase in value but can also preserve wealth when compared to mainstream investments like stocks and bonds which are directly affected by the devaluing United States Dollar. Stocks for example are going through some difficult times due to corporations not being able to achieve the profit that they used to during this financial crisis, and recent forecasts are saying that equities will continue to lose value for the next six months or until our expected stimulus plan kicks into full blast, if it ever does. Investors are simply pessimistic about the stimulus plan and its ability to actually aid the United States economy and many feel that this is the optimal time to own precious metals. If we just take a look at the history of American Eagles we can clearly see that the coin has proven itself time and time again during difficult economic periods.

By midday trading gold Eagles are increasing with the spot price which is currently up $9.30 for the day to around $948.40 per ounce. This is a $128.10 increase for the month and a $42.50 increase in the last 365 days. These significant gains are proving that the history of American Eagles is repeating itself during this recession and by looking at the spikes that occurred in the late 1970s, we can see that there is still much more room for growth. I wish you the best luck when investing in precious metals.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Eagle.org