Certified Gold Investments Posted by James Randolph on August 11, 2009
Inflation And Economic Recovery
August 11, 2009 – The gold spot price continues taking its minor steps backwards today, yet several precious metal exchanges are reporting growing demand for certified gold investments, especially with popular coins like the $20 Saint Gaudens and $20 Lady Liberty. It’s no surprise that safe haven demand for certified gold investments is on the rise today, especially since gold in general has benefited from the unstable United States Dollar Index that continues to see problems down the road. According to several market analysts, the problems in our economy are a lot worse than many people think, especially since inflation in particular is slowly but surely manifesting, and to make matters even worse, the United States Government has even mentioned that we may see inflation before we see a full economic recovery. This basically means that we could expect the United States Dollar to continue devaluing down the road, especially when the Federal Reserve increases interest rates, thus creating the ideal environment for inflation to begin growing at a rapid pace. Fortunately, certified gold investments have proven their ability to thrive during both inflationary and deflationary economic environments.
By 11:30 AM Eastern Standard Time, certified gold investments continue holding strong to their value while gold bullion prices fall side-by-side with the spot price that currently sits at $943.70 per ounce, decreasing $1.90 for the day, yet increasing $30.70 in the last month. The overall long-term appeal of gold continues looking strong, and last year on this day the metal was sitting at around $820 per ounce, meaning that the spot price has increased more than $120 since then.
Senior Staff Writer – Certified Gold Exchange