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May 20, 2009 - Gold coin prices are shooting up for the second trading session in a row as investors around the world are expanding their precious metal portfolios as speculation is arising saying that the global financial crisis needs to worsen before a recovery can begin. As you may already know, gold coin prices fluctuate every day based on supply and demand, and today it appears like this safe haven demand is increasing considerably because many wise investors are purchasing the metal in order to hedge themselves from losses that may be seen with assets tied directly to the strength of the United States Dollar, such as stocks and bonds. In the past eight years, the United States Dollar along with mainstream investment markets have lost considerable chunks of their value while gold coin prices have increased more than 300%, a significant difference that should be taken into consideration when diversifying into anything at the moment. Several bullish market analysts believe that further gains may be seen as inflation grows and the financial crisis worsens, thus we may see $1200 per ounce by the end of the summer in the event that things continue in their current direction.

By around 2:30 PM Eastern Standard Time, it appears like the majority of gold investments are seeing moderate gains for the trading day as the daily market spot price continues heading in the upward direction with no sign of stopping in sight, currently sitting at around $938.10 per ounce, increasing 1.42% for the day and also increasing 2.10% in the last 365 days.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info