Archive for the ‘recession’ tag

Gold Coins Are Selling Like Hot Cakes

I read a USAToday.com article containing the following quote: “Gold coins are selling like hot cakes.”  My point for posting the previous quote is to show that even during a recession, precious metals rise in value.  With prices dropping on everything from, cars, to homes to employee income, gold, silver and other precious metals are not just holding a strong value, but excelling.  Investors and collectors are realizing that gold is a key commodity.  And they are spending what it takes to obtain as much gold, silver and other precious metals as possible.  They are investing not just for the long term, but investing to earn a quick profit as gold value keeps rising.  I personally believe gold is one of the wisest long term investments, but recently I am starting to see that it can be a very profitable short term investment.  Who knows, maybe the new fad will be flipping gold.