Daily Gold Silver Update

January 16, 2009 – Today has been a good day for both gold and silver Eagles. The gold spot price is sitting at around $835 per ounce, a $19 gain for the day while silver sits at around $11.10 per ounce, a $.52 gain for the day. Projections continue to look positive and we should be seeing prices continue to increase.

As always, we have the ever-unpredictable United States Dollar to thank for this and the recent surge in gold, silver and coin investing. We had a number of people pulling for a strong showing for the Dollar in early 2009, but it wasn’t to be. 2008 was one of the worst years ever for the USD, with some fearing a total collapse. While the Dollar started a short lived comeback towards the end of the year, as we’ve seen today, the current buying power of it tends to only be on the decline over time.

The reason so many people are looking at gold and silver Eagles are simple: There’s not much available in the way of a reliable, sound, secure investment anymore. Even five years ago, the stock market wasn’t nearly as volatile as it is today, and the housing market is experiencing just as much turmoil. Investing in gold, silver, and rare coins, and keeping your eye on gold and silver Eagles is simply a smart way to safeguard yourself against any further crises in the global economy. Luckily, the wise investors who caught on early should be much more comfortable today than the average American investor. Have a beautiful day and invest well!

Arthur McGuire

Senior Staff Writer – Certified Gold Exchange

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