September 30, 2009 Posted by James Randolph on September 30, 2009
September 30, 2009 – Certified gold investments have registered profits each year since 2001, and recent economic indicators show that the gold market could still have a long way to climb before it maxes out. The Dow Jones Industrial Average(DJIA) has seen a significant pullback this week, and the latest housing data is quite frightening for many property owners. Many investors with liquidity concerns are vesting a potion of their portfolios in certified gold and silver coins. If mainstream avenues of investing continue to thwart investors, as they have year after year, gold could regain the prominence it held in the 1930s, and again in the 1970s.
Securities markets and property investments routinely relinquished profitable returns in prior years, but they are now struggling to maintain any sort of value whatsoever. The DIJA lost over 100 points this morning, as the market opened to a large-scale sell-off. The 117 point drop-off meant a 1.2% decrease, and the S&P 500 also suffered through a 1.2% market repression. The Nasdaq market lost 1.1%, and the value of these US dollar-based stocks was lowered further by the dollar’s pathetic Wednesday morning performance. Stocks and mutual fund losses are being irritated by the failing US housing sector, which is currently 13.3% less valuable than it was one year ago. Economists fear that property owners could lose another 15-20% of equity before 2011, mainly because of skyrocketing defaults and foreclosures that could further repress home prices. Economists hope that these markets will rebound, but numerous recent government reports fail to provide much basis for such hope.
Investors who are looking for a way to balance stock and real estate losses should visit www.Gold-Investment.info, where a free, online gold tutorial is available to household and institutional investors. Gold’s active spot price is $1009.20, with today’s asking prices varying from $993 to $1011. Gold’s record height of $1033 could be surpassed before the end of 2009, but many investors are now more concerned with the long-term wealth preservation that gold could provide if our mainstream markets fail us further.
Senior Staff Writer – Certified Gold Exchange