Daily News

April 2, 2009 - Wise investors looking for a preservative precious metal investment should take a look at the Saint-Gaudens price that has remained unaffected under the PCGS price guide despite the gold spot price falling more than $20 for the day. Today’s market movement is mostly based on a large amount of speculation about the G20 meeting being held in London, and there are both optimistic and pessimistic outlooks about the results of this meeting. Some people feel that the United States economy is already recovering while others feel that the worst is still to come with inflation looming around the corner due to trillions of dollars being printed out in an attempt to get us out of this deep and dark hole. The Saint-Gaudens price could benefit from the incoming inflation because historically gold increases in value when paper currency is becoming devalued, and with speculation saying that the United States Dollar is on the verge of collapse, now could be a good time to diversify and precious metals.

Today the Saint-Gaudens price is holding on strong, yet the gold spot price has fallen to $906.30 per ounce, down $21.20 for the day but still up $22.80 in the last year. Although spot prices are falling, several exchanges around the country are reporting higher interest in long-term safe haven demand. The metal has already increased 3.6% for the year while stock markets are at declines and cash-backed accounts are losing value by the day as inflation rises. Happy investing.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer –-Investment.info