Bullion Investment Posted by James Randolph on February 11, 2009
7 Month High
February 11, 2009 – Today seems like another exciting day for investors who own a bullion investment or a certified gold coin investment. Precious metals are soaring at the moment and many are saying that now is the time for the $1000 per ounce mark to be surpassed. Gold is already at its seven-month high as investors around the world are flocking to the safety that a bullion investment can offer compared to the falling stocks that we’re seeing almost every day. The main driving factor for the spike in value today is the acceptance of the $838 billion stimulus plan that has many Americans fearing for their long-term preservation that could be jeopardized if we enter a high inflationary period. It’s almost inevitable that such a large amount money will cause problems in the future especially with our United States Dollar already being so weak compared to other currencies. Several economic research teams around the nation are saying that precious metals will continue to rise for a short while and then decrease in value once the stimulus plan kicks into full blast, but then once all the money is dried up and the inflation hits hard we could be seeing some major increases in spot prices.
Today the lucky investors who own a bullion investment as well as a certified gold coin investment are seeing their metal rise up $28 or 3.06% up to $943.30 per ounce. This is an $89.70 or 10.51% increase in just the last 30 trading days. Fortunate investors who put for example, $1 million into the metal last month would have already made $100,000 up to this point with even more growth in sight. Seize the day and I wish you the best luck when investing.
Senior Staff Writer – Certified Gold Exchange