CertifiedIndianCoins Posted by James Randolph on April 08, 2009
GFMS Predicts $1,100 Per Ounce
April 8, 2009 – Bullishness for gold is emerging as investors around the world see darker days ahead due to dangerous inflationary pressure that could accumulate after all the stimulus and bank bailout packages that have been executed in the past year, thus they are rapidly shifting funds into safe haven assets like certified Indian coins. It’s no surprise that there are still many large risks with our economic system, and even though the stimulus packages could cause short-term confidence, their long-term problems could make things much worse for everyone. Stock markets are expected to see sharp declines in the next few days after George Soros and Marc Faber predicted weaker equities due to corporations floundering. This being said, the demand for physical possession precious metals such as the certified Indian coins is increasing, as hundreds of thousands of Americans seek a store of wealth that could hedge their life savings from a dangerous inflationary time that may lie ahead.
Certified Indian coins are benefiting from the increasing gold spot price that currently sits at $885.80 per ounce, up $4.70 or .53% for the trading day but still down $35.70 or 3.87% in the last 30 trading days. Several new market projections are beginning to emerge, as many large financial institutions believe that spot prices could increase much higher throughout the year. GFMS has projected $1100 per ounce by the end of 2009. Those who haven’t diversified correctly may benefit by taking advantage of the market now before the spot prices reach their projected levels. Invest well.
Senior Staff Writer – Certified Gold Exchange