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December 27, 2009

The end of 2009 continued to bring good news to the gold coin market as its price continues to remain near the all-time high. Gold has been on a steady increase for nearly a decade and the outlook for 2010 appears to be a continuation of that trend as demand remains high and the value of the US dollar remains low.

The gold coin market continued on its march to the end of the year by surging back over $1,100 per ounce. Bullion has been a strong performer throughout the year as the United States’ economy struggles to find its footing in the midst of the global economic crisis. The value of the dollar plummeted under the weight of financial pressures caused by the wars in Iraq and Afghanistan, the collapse of the sub-prime mortgage market and the banking crisis. As people search for safe investments, the gold coin market has been the place that many have turned.

Although gold prices experienced a slight downturn before Christmas, most analysts see it as a simple anomaly as the elements that drive prices are still in place, such as a weak dollar, high demand and economic instability. The low was attributed to an over-aggressive sell-off that was not supported by the factors that normally drive prices.

Because the dollar is still very week, the gold coin market and over precious metals will likely continue to prosper in 2010. In addition to gold, palladium and platinum have maintained steady growth and are primed to continue that trend as the economy and demand outreach supply.

With all of the variables in place to promote its growth, the gold coin market appears to be positioned to move into next year on a high note. 2009 has proven to an excellent year for investing and the gold market looks to be ripe for a strong 2010 as well.

Shannon King

Senior Staff Writer – GoldSilver.org

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