June 2, 2009 – Deciding whether or not to purchase gold coins during this financial crisis could be a confusing choice to many investors, yet it’s about time that we start looking towards the future of the economy as opposed to what we’re being told to believe in right now. As you may already know, there is a lot of speculation saying that the worst of the financial crisis over, yet how could this truly be, with inflation growing at a dangerous rate, unemployment nearing 10% and major corporations such as General Motors approaching bankruptcy. Simply by looking at the facts, we can tell that this financial crisis is only worsening, and historically wise investors purchase gold coins during similar economic times in order to hedge their hard-earned wealth from losses that may be obtained with stocks, bonds and real estate. Gold is seen as an alternative to currencies and mainstream investments. In the past eight years, the metal has increased more than 300% while several stock indexes deceased between 40% and 60%. If you feel that precious metals may be right for your portfolio, don’t hesitate to diversify before it’s too late, especially since short-term market projections are saying that the spot price may reach its all-time record high in the near future.

By around 1:45 PM Eastern Standard Time, the overall demand for safe haven metals continues to climb as American investors are deciding to purchase gold coins as their ultimate hedge from a floundering economy, thus the spot price has risen to $982.40 per ounce, jumping up $7.80 for the day and also jumping up $96.60 in the last month.

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Kevin Johnson

Senior Staff Writer - GoldCoin.net