Certified Gold Investment Posted by James Randolph on March 21, 2009
March 20, 2009 – The certified gold investment market went unchanged as gold bullion teeter-tottered in the $955 range. We’re seeing a shift from gold ETF’s and stocks into the physical metals, as a greater portion of US citizens believes the nation is already in the early stage of a depression. This has caused US investors to look for a “hands on” form of the metal to alleviate a little pain from their traditional investments. In the words of one of my clients, “With gold, I hold it and I’m my own boss.” In a nutshell, I believe this sentiment is what will cause a lot of investor’s dollars to flow to gold in 2009.
With the house of cards that the US financial system has built, I too must admit a few sleepless nights in the last 8 months, and I knew this was coming since 2001. I don’t know why, but they say ignorance is bliss and maybe it’s because you get to sleep soundly at night without the truth of what we and our government has allowed too happen. I don’t thing ignorance is bliss when it comes to anyone’s portfolio, because millions of Americans could lose their entire life savings in the coming years.
A gold investment may not be a “cure all” for your portfolio, but it could make a dandy back up plan if life’s mainstream investment options continue to fall like ducks in a shooting gallery. Until Monday’s gold update, enjoy your weekend and sleep well.
Senior Gold Specialist – Certified Gold Exchange