, IncJuly 2, 2009 – The gold spot price is contracting today as the United States Dollar strengthens versus other major currencies, yet it appears that certified gold prices are resisting today’s stale market movement as several investment-grade rare coins continue increasing in value despite the current downward fluctuation. Historically, certified gold prices have proven that they can resist sudden market movement with the gold spot price, and this is exactly what we are seeing today with several PCGS and NGC coins gaining as the spot price tumbles. As you may already know, investment-grade rare coins hold a higher premium than modern-day bullion coins such as the American Eagles, yet many wise investors gladly pay this premium in order to own these elite coins that are being considered some of the best diversifications to own during times of economic distress. With the long-term future of the United States Dollar looking grim as a result of inflationary and deflationary pressures, we could see certified gold prices extending their gains as more and more investors turn to gold in order to potentially protect their wealth with one of history’s most preservative assets.
By around 2 PM Eastern Standard Time, the gold spot price continues falling, currently headed towards its fourth weekly decline in five weeks while investment-grade certified gold prices continue holding on strong to their value. Currently, the spot price of the metal sits at $930.50 per ounce, down $9.80 or 1.04% for the trading day, down $44.10 or 4.52% in the last 30 trading days, and also down $9.20 or .98% in the last 365 trading days.
Arthur McGuire
Senior Staff Writer - GoldPrice.net
