Buy Certified Gold Posted by James Randolph on March 11, 2009
March 11, 2009 – As predicted earlier in the week, wise investors have taken the grand opportunity to buy certified gold after the metal reached its lowest price since February 9. This is considered bargain hunting and the market is experiencing an increased number of it today along with more industrial interest, which is something that we haven’t seen in quite a while due to the spot price reaching $1007 per ounce on February 20. There continues to be uncertainty with all financial markets at the moment and many people simply don’t know what to believe anymore especially since there has been so much fluctuation lately with governments and financial institutions unsure about the future of the financial crisis. Several people even believe that the worst off the recession is over after Citibank reported that they have actually profited during 2009. On the other hand, other people believe that the recession will turn into a second Great Depression during the middle to end of the year when hyperinflation begins to tear apart at currencies and economies worldwide. Fortunately, investors who buy certified gold now before it’s too late could benefit from problems down the road.
Today the spot price of gold is increasing and is currently at $907.40 per ounce, up $10.10 or 1.13% for the trading day and also up $12.40 or 1.39% in the last 30 trading days. The latest short-term projections are saying that United States investors will continue to buy certified gold and other bars and coins, which could probably increase the spot price to around $2000 per ounce by summer.
Senior Staff Writer – Certified Gold Exchange