Gold Silver Coin Prices

June 30, 2009 – Gold and silver coin prices are tumbling today as many investors are re-entering the riskier stock markets with hopes of making short-term profit in the event that the United States Dollar continues strengthening, yet several market analysts are forecasting a weaker dollar by the end of the week as quarterly economic data begins to flood into the market, potentially causing a significant negative impact on mainstream investments. As you may already know, gold and silver coin prices are largely dependent on movement with the United States Dollar, because historically both assets trade inversely to each other. Despite today’s rally with the dollar, many investors and market analysts are looking at the long-term perspective that shows high inflation as a result of excessive overprinting of dollars in such a short period of time. Fortunately, gold and silver have thrived during inflationary economic times, and for example between 1978 and 1980, both metals increased in value more than 800% as wise American investors flocked to safe haven assets as a hedge from the onslaught of problems that were occurring with dollar-backed assets such as stocks, bonds and real estate.

By around 4 PM Eastern Standard Time, gold and silver coin prices are contracting today as a result of the greenback moving higher based on heightened short-term confidence, and it appears that both metals are holding on strong considering all of the latest market instability. Currently, the gold spot price sits at $926.90 per ounce, falling $10.40 for the day while the silver spot price sits at $13.52 per ounce, falling $.32 for the day.

Shannon King

Senior Staff Writer –

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