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Daily Gold Bullion Update

May 20, 2009 – Gold bullion bars and coins are currently increasing in value as the spot price of the metal has officially surpassed the $930 per ounce resistance level, which means that significant safe haven momentum is building at a fast rate. Many investors are currently flocking to gold bullion bars based on concerns that inflation will continue to increase as the global recessionary cycle worsens. The spot price of the metal has already increased 4.6% this month, and it appears like it is growing slowly but surely as the United States Dollar begins to feel the after-effects of trillions of overprinted dollars that had been forcefully injected into our economy. The only thing that results from overprinted fiat currency is long-term inflation, and the wise investors who fully understand how this economic downfall works are beginning to seek the ultimate store of wealth investment that has proven its preservation and profit potential during similar troubling times. It is very important that you understand that it’s not too late to begin a diversification into gold, especially since many market analysts believe that the spot price is undervalued compared to what it should be after years of growing inflation.

By around 1 PM Eastern Standard Time, the physical possession demand for bullion bars and coins is increasing substantially, and it appears like a significant amount of investors are entering the market today for both short-term profit and long-term wealth preservation. This demand has increased the spot price of the metal up to $935.20 per ounce, jumping up 1.10% for the day and also jumping up 1.78% in the last year.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer – Gold-Bullion.org

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