Certified Gold Projections Posted by James Randolph on February 24, 2009
Calm Before The Storm
February 24, 2009 – A certain calm in the financial markets is causing many investors around the world to prepare their portfolios for worst things that could lie ahead. Many wise investors are keeping a close eye on the financial crisis and the potential of certain investments at the moment such as the latest certified gold projections that are saying that the increased weakness in the equities market could cause gold prices to increase in the area of $1300 per ounce by the end of the year. Although today we have seen a small decline in the price of metal, many investors are hoping that the low supply and high demand for safe haven assets will cause prices to spike as seen in the certified gold projections. Another long-term projection I read earlier spoke about the United States continuing to borrow money to bail itself out, which could result in over $2.5 trillion added to our national debt that could cause dangerous inflation within the next 12 to 18 months. Luckily, precious metal investors have the potential to thrive during a hyperinflationary time such as the one that we may experience soon enough.
Today during the midday trading hours, gold is trading at around $966.30 per ounce, down $25.40 or 2.56% for the trading day but still up an impressive $68 or 7.57% in the last 30 trading days. Market analysts believe that the metal’s value is decreasing as a result of short-term selling and that it’s the long-term certified gold projections that have the investment potential to profit and preserve wealth when people need it most. I wish you the best of luck when investing in precious metals.
Senior Staff Writer – Certified Gold Exchange