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Daily Gold Bullion Update

March 18, 2009 - Investors around the nation are now eagerly expecting further economic data that could show a rebound from this financial crisis, yet many are still buying gold bullion as a long-term preservation tool that could outperform many other investments in the near future. There is some speculation saying that the demand for bullion could ease as the global economy stabilizes. Although it’s always good to hope for the best, investors need to take a look at the situation from a realistic standpoint, and even though things are looking good in the short term for the United States Dollar and equity markets, in the end this is all occurring because of massive stimulus and bailout packages that at the most could last another two to three months. After this period we could either see hyperinflation or yet another stimulus package that would most likely extend the time it takes for us to enter a deeper and darker recession. This being said, buying gold bullion in order to protect our portfolios from any possible problems in the future could be a wise decision.

Today the spot price of the metal is being directly affected by the stronger stocks and a lower amount of investors buying gold bullion, and it currently sits at $887.40 per ounce, a decrease of $27.50 for the day and also a decrease of $53.70 for the month. Short-term projections are saying that the metal could continue to trade in the area of $890-$900 per ounce until news of a weaker global economy becomes apparent.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer – Gold-Bullion.org

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