October 1, 2009 Posted by James Randolph on October 01, 2009
October 1, 2009 – The value of many certified gold and silver investments adhered to opening levels as Thursday afternoon trading drew to a close, but the certified gold market could be poised to yield significant profits to investors if newly released economic indicators paint an accurate picture. The job market within our nation is losing leverage to overseas-based companies, and the increased number of applications for unemployment benefits could be a sign that the worst financial meltdown since the Great Depression still has a great deal more destruction in store for American workers.
The job market is a key indicator of economic vitality, and economic conditions have eliminated 254,000 private-sector jobs in September alone. Over 7 million jobs have been consolidated or eliminated since President Barack Obama took office earlier this year. The shrinking job market is responsible for the 551,000 people who filed initial, first-time claims for unemployment benefits last week. This move has been made by almost 600,000 individuals per week, since the beginning of 2009. The increasing number of unemployed American workers has elevated the national unemployment rate to 9.7%, which is even worse than Europe’s dismal 9.5% reading. Economists believe that a national unemployment level of 10% could be eclipsed before the end of the year, and many market analysts fear that an unemployment level above 15% could be the norm for an extended period of time. Fear over lost income and underperforming US corporations is enough to persuade many investors to research certified gold coin investments.
Investors who are looking for a way to protect their wealth in the midst of this financial nightmare are encouraged to consider a gold investment. Investors typically hedge between 25-30% of the portfolio’s total worth in gold, and proper diversification could provide essential balance and security for long-term investors, as it has historically. Visit www.Gold-Investment.info for more information on wise precious metal trading.
Senior Staff Writer – Certified Gold Exchange