CertifiedGoldBullion Posted by James Randolph on March 19, 2009
March 19, 2009 – The latest news from the Federal Reserve is unveiling a new plan to spend $300 billion on long-term treasuries, and this action is causing the United States Dollar to flounder versus its major competitors, which in turn is increasing the demand for precious metals such as certified gold bullion coins. The demand for physical possession gold is increasing substantially at the moment and it’s mostly because investors fear the possibility of high inflation down the road. Fortunately, certified gold bullion has been historically seen as a prime inflation hedge, and this is probably why so many Americans are turning to them at the moment during this troubling economic time. Last week market analysts believed that the metal would be trading in the area of $850 per ounce this week, yet it has surprised many by totally rebounding into an area that is extremely close to its all-time record high. The next two weeks could hold many surprises for investors, so diversify well and don’t forget to deal directly with a reputable dealer.
Today the spot price of gold and is continuing to benefit from its recent rally, and it currently sits at $955.50 per ounce, up $14 or 1.49% for the trading day yet down $14 or 1.44% in the last thirty trading days. Short-term and long-term projections for certified gold bullion is looking more bullish than ever and with the increased fear of inflation, many feel that the sky is the limit for safe haven assets. Can the metal outperform all other investments during 2009?
Senior Staff Writer – Certified Gold Exchange