Certified Metals Posted by James Randolph on February 13, 2009
Certified Metals Hold On Strong
February 13, 2009 – During early-morning trading the spot price of gold is decreasing in value while certified metals continue to hold on to their preservative strength. Prices are slipping steadily and it’s all because a small decrease in investors feeling the financial meltdown. Expert financial analysts are saying that this should only last a short time and as soon as further news of a worse economy hits home that investors will continue to purchase more gold and certified metals. Today we’re also seeing stocks and the United States Dollar rise a bit as a result of higher confidence in our economy that unfortunately may not last long. Short-term projections for precious metals are saying that there won’t be too much movement in the market until more news strikes fear into the minds of investors. Luckily for those who already own certified metals, they can sleep easy knowing that their wealth has the potential to survive this financial crisis.
Today the spot price of gold has fallen to around $939.50 per ounce; this is a $7.70 decrease for the trading day, a $129.40 increase in the last 30 trading days and a $34.80 increase in the last 365 days. Even more price projections have been released today and although prices are declining at the moment, many market experts are saying that 2009 has the possibility of being one of the best years for the metal and that serious gains can be expected, but only if the economy continues to sink. I wish you the best of luck when investing.
Senior Staff Writer – Certified Gold Exchange