Gold Coin Price Fluctuations

November 5, 2009 – The majority of gold coin investors within the United States have no plans to sell their gold anytime soon, and many of these investors are adamant about maintaining physical possession of their coinage until they bequeath it to their children or grandchildren. These long-term investors don’t get worked up too easily about the minute daily happenings in the gold coin market. However, the gold coin price fluctuations of this week have perked these investors’ interest, because the $1100 spot price that so many have called for in recent weeks may be here.

Although major players like JP Morgan didn’t expect the gold spot price to reach $1100 until 2010 was closer, investors have taken it upon themselves to extend gold’s recent rally to $1071. After the spot price dropped about 2% from that October 14th peak, profit-taking stalled and the spot price started to climb again. After reaching $1099 yesterday afternoon, the gold spot price hovered in the $1090s throughout the majority of today’s trading session.

Gold coin price fluctuations occurred early and often this week, in both the bullion coin market and in the certified coin market. Gold bullion coins are up an average of 3.8% this week, and some investment-grade certified coins are up 5.4% per the Professional Coin Grading Service price guide at www.PCGS.com. While a mild stint of profit-taking could be seen leading up to the holiday season, market analysts say that investors have every reason to believe that the current rally is sustainable and that it may even intensify once our government’s stimulus funds expire. If you are concerned about the future of our nation and your finances, contact www.GoldCoin.net directly at 800-300-0715 to learn more about the protection that you can find in the gold coin market. 

Kevin Johnson

Senior Staff Writer – GoldCoin.net