March 17, 2009 - Investors around the country are continuing their impressive demand for bullion products like the American Eagles and certified rare coins like $20 Saint Gaudens, especially since many feel that the latest news from the United States Government saying that the recession is nearly over could be a temporary cloud of confidence in order to boost stocks and the dollar for a short period of time. Currently, gold American Eagles are experiencing some negative correlation with stocks, and many market analysts are referring to this as the metal looking back towards the movement of equities in order to move in its appropriate direction. This is commonly seen in financial markets, but more lately than ever before because of such a large amount of fluctuation and confidence shifting with precious metals, stocks, bonds and of course the United States Dollar. The global financial crisis we are experiencing at the moment has caused several bank collapses along with a large amount of instability with investments, thus wise investors are catching onto this and taking positions with American Eagles and practically any other precious metal product that has the potential of preserving wealth at the moment.
Bullion gold investments are decreasing in value today while certified metals continue to hang on strong with the spot price that currently sits at $915.80 per ounce, down .79% for the day and also down 8.68% for the month. Today marks a monumental day for investors of the metal because it is the one-year anniversary of the all-time record high of $1033 per ounce that was set on March 17, 2008.
Arthur McGuire
Senior Staff Writer –-Investment.info