October 2, 2009 - Gold bullion prices rose sharply as the Commodities Exchange(COMEX) division of the New York Mercantile Exchange(NYMEX) opened on Friday morning. Several large financial establishments took profits in the early afternoon trading hours, and late afternoon trading was flat, which could mean a head start on the weekend for many investors. Personal finances are becoming a major topic of concern for many investors, who fear that an unpleasant economic atmosphere within our nation could remain for years if President Barack Obama and his staff continue to incessantly print, and needlessly spend US currency.
The American Bankruptcy Institute(ABI) released a report today that is disheartening to those who were hoping for a quick and painless 2010 fiscal year. Personal bankruptcies are up 35% from this same time last year, and the number of Americans who are unable to diminish their debts could rise as unemployment levels escalate, and personal income shrinks. "Bankruptcy filings continue to climb as consumers look to shelter themselves from the effects of rising unemployment rates and housing debt," said ABI executive director Samuel Gerdano. Investors who want protection from the frightful conditions that surround us are encouraged to consider gold bullion, which could be an excellent way to raise some quick capital. Long-term investors typically do better financially with a gold coin that has been numismatically graded and certified by the Professional Coin Grading Service(PCGS) or the Numismatic Guaranty Corporation(NGC).
More information about the different types of gold coin investments is available at www.Rare-Coin.org, where large volumes of useful information on gold investing can be found. The gold bullion spot price is $1003, which is a 0.28% increase over today's opening levels.
