March 27, 2009 - Rare Saint-Gaudens coins have long been favored by collectors of pre-1933 precious metals, and now wise investors are turning to them for their ability to profit and preserve better than bullion products over a longer period of time. Many investors who own bullion coins such as the American Eagles are expanding their boundaries by purchasing the original rare Saint-Gaudens coins certified by companies such as the Professional Coin Grading Service and the Numismatic Guaranty Corporation. The reason so many people are beginning to turn to precious metals is because they are seeing a large amount of instability with other investments such as stocks and bonds that are fluctuating dangerously at the moment. Historically, gold products in both bullion and certified investment grade varieties like rare Saint-Gaudens coins have reacted rather well during inflationary periods, and in the last 5/6 recessions they have increased in value. Now could be a good time to take advantage of the lower spot price in order to make a proper diversification in safe haven assets.
During the midday trading hours, the gold spot price is down to $923.80 per ounce, falling 1.11% for the trading day and also falling 1.57% percent in the last 365 trading days. A rebound in the market is expected next week when investors may begin purchasing safe haven investments in order to hedge their hard-earned wealth from inflation and other negative economic scenarios that could result from a devaluing currency. Invest well and have a good day.
