Certified Gold Posted by James Randolph on September 01, 2009
Inflation = Stronger Gold?
September 1, 2009 – Certified gold prices are in the green today as a weaker United States Dollar has bolstered safe haven demand for precious metals. Since the beginning of the year, certified gold prices have increased more than 7% while mainstream investing markets have experienced unstable fluctuation. According to several market analysts, investors are still very unhappy about the state of our current financial system, and this could spark higher safe haven demand within the next few months, especially if the United States Federal Reserve increases interest rates, thus creating an excellent breeding ground for inflation. For those investors who don’t know, the last time that the United States economy faced high inflation was during the late 1970’s, and it just so happens that the gold spot price increased more than 800% during this period as mainstream investments floundered amidst a weakening economy. This being said, it’s very important that we keep a close eye on inflationary pressures because any signs of it increasing could signal a powerful opportunity to purchase certified gold.
By 9:00 AM Eastern Standard Time, certified gold prices are headed slightly higher as the spot price of the metal takes a minor step upwards, currently fluctuating around $951.20 per ounce, increasing $.30 for the trading day and also increasing $121.30 in the last 365 trading days. A very interesting medium-term projection has forecasted that the metal may climb up to $1000 per ounce as investors continue seeking a hedge from a floundering United States Dollar.
Senior Staff Writer – Certified Gold Exchange