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March 10, 2009 – Wise investors who fear the upcoming problems with hyperinflation may want to consider a gold coin investment to potentially combat the results of a significantly worse financial crisis. Today there seems to be some increased confidence in the equity markets as the Dow Jones Industrial Average surges 4.1% to 6815 points. This has caused investors to move back into the stock market in order to profit from the possibility of the economy growing once again in the near future, yet many do not know the problems that may lie ahead. Inflation and deflation are two of the most hazardous after effects that may result from our excessive government spending, and there is a very high chance that they may lurk in our near future. A long-term gold coin investment has historically proven time and time again that it could not only preserve wealth but also profit at the same time from devalued currencies.

Today could signal an excellent time to begin a gold coin investment because the spot price has fallen nearly 10% from its recent peak of $1007 per ounce achieved on February 20. The current spot price for the metal is $895.80 per ounce, down $25.70 for the day and also down $16 for the month. An executive director from UBS AG London has predicted that the metal could resume its gains due to safe haven demand in the near future and that $2500 per ounce could be achieved by then. Let’s see what the year has in store for us.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info