Gold.Exchange. Posted by James Randolph on May 22, 2009
The Bumpy Road Ahead
May 22, 2009 – The United States Dollar continues to tumble while inflationary fears are growing at dangerous rates after the Federal Reserve mentioned that we can basically expect high inflation down the road, and this is causing many wise American investors to find the gold exchange that can help them diversify their hard-earned wealth into safe haven precious metals before it’s too late. Investors looking to diversify at the moment may benefit by knowing a few quick tips and tricks that may help maximize investment potential. One of the most important things that you should know is that the spot price of gold fluctuates every day, and every gold exchange has their own pricing spread depending on their reputability and integrity. Doing a full background check on the gold exchange of your choice may be beneficial because you could find positive comments or complaints that may assist your decision. We always recommend that you check with the Better Business Bureau before making any diversification.
By around 12:10 PM Eastern Standard Time, the overall physical possession demand for gold is increasing at a rapid pace, especially since several market analysts believe that the metal is headed towards its all-time record high based on technical momentum and the metal’s recent ability to surpass resistance levels with little effort. The spot price currently sits at around $957.40 per ounce, moving up $3.50 or .37% for the trading day and also moving up $37 or 4.02% in the last 365 trading days.
Senior Staff Writer – Certified Gold Exchange