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March 9, 2009 – Many investors around the world are reconsidering their failing equities in exchange for more historically solid assets such as a gold coin investment that could prove to be one of the ideal investments to own during 2009. The week has begun on a slow foot for the metal that is currently experiencing a small decline due to short-term profit taking after increasing in value about 3.6% last week. Before today’s losses, a gold coin investment would be sitting at an increase of 6.6% this year, but no need to worry especially since projections are looking impressive for upcoming months. Spot prices are projected to increase substantially, especially due to the latest news release by the World Bank yesterday saying that the global economy is likely to shrink during 2009 for the first time since World War II, this could signal things such as hyperinflation and devalued currencies, which is why beginning a gold coin investment or any type of investment in safe haven precious metals at the moment could be an advantage as things continue to worsen.

Spot prices are beginning to decline once again during the beginning of this week, and they are currently sitting at $918.80 per ounce, tumbling $19.60 for the day yet still sitting at a decent $7.40 increase in the last 30 trading days. Most of the recent projections for the metal are bullish like we have seen in the past several months, but an interesting one that I read from European fund house, Schroders, predicts $2000 per ounce within the next 12 months if problems continue to increase for the United States Dollar and its economy.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info