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Buy Rare Coins

May 29, 2009 – Both gold and silver have shown impressive gains in the past few weeks as the economy is slowly but surely contracting at a faster rate than expected, thus many American investors are making the wise decision to buy rare coins along with gold bullion that have proven their potential during similar economic times. Today I would like to focus on investors who are deciding to buy rare coins such as the gold $20 Saint-Gaudens or the silver Morgan Dollar because these coins are in a league of their own as far as long-term wealth preservation is concerned. The majority of precious metal investors usually diversify into modern-day bullion products such as the American Eagles, yet did you know that historically, investment-grade certified rare coins like the two mentioned above have given investors significant long-term wealth preservation and profit potential that cannot be obtained with modern-day bullion products? Many investors who seek these attributes from a precious metal diversification are deciding to buy rare coins as opposed to modern-day bullion products that are considered a more volatile asset because they trade closely with the daily market spot price. This being said, always analyze your investment portfolio before making a diversification in order to find out whether bullion or certified rare coins are right for you.

By around 2:30 PM Eastern Standard Time, precious metals are extending their gains significantly, and gold has officially risen to a three-month high while silver has officially risen to a ten-month high based on significantly higher safe haven and industrial demand. The current gold spot price sits at around $975.90 per ounce, up $16.90 for the trading day while the current silver spot price sits at around $15.63 per ounce, up $.48 for the trading day.

Shannon King

Senior Staff Writer – GoldSilver.org

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