June 1, 2009 - The value of bullion bars and coins is heading in the downward direction while several of the most popular and widely traded certified investment-grade rare coins are increasing in value because many wise American investors are currently flocking to certified metals as their ultimate hedge from the problems that investment markets may experience during this financial crisis. I’ve always loved bullion bars and coins because they are visually appealing products that hold a small premium above the spot price of gold, yet certified rare coins have long been a favorite of mine due to their long-term preservation qualities. This being said, it’s very important that you analyze your investment portfolio before purchasing precious metals in order to find out whether modern day bullion products or pre-1933 certified rare coins are right for you. I typically recommend the modern day bullion to investors who seek short-term profit from their investment, while on the other hand I typically recommend the pre-1933 certified rare coins to investors who seek long-term preservation from the investment.
By around 2:40 PM Eastern Standard Time, the majority of bullion products are seeing minor losses side-by-side with the daily market spot price that is fluctuating at around $976.30 per ounce, decreasing $3.30 for the day, yet increasing $90.50 in the last 30 days. The latest short-term forecasts are saying that we could see the spot price reach $1000 per ounce in the near future if the United States Dollar continues to stumble along with investor sentiment in the fiat currency and stock markets.
Arthur McGuire
Senior Staff Writer - Gold-Investment.info