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Daily Gold Bullion Update

February 16, 2009 – Credit Suisse bullion bars have become a popular investment choice as investors around the nation start to stray away from mainstream investments like stocks and bonds and into safe haven assets like precious metals for a variety of reasons, but mostly to protect their hard-earned wealth from the inflation that could occur in the United States economy as a result of our excessive lending. Many market analysts believe that gold products like the Credit Suisse bullion bars will continue to remain a stable safe haven asset at least until the economy starts to recover from the trench that it is in at the moment. Just last week we saw the metal reach its seven-month high of $955.60 per ounce, which proves that people still feel bullish about the market and that as things continue getting worse by the day, even more investors are shifting their Dollar-backed assets into something that has a historical tendency of protecting investors during these difficult times.

Today the daily market spot price moves up $.40 or .04% to around $942 per ounce, this is a $99.60 or 11.82% increase in the last 30 trading days and a $40.30 or 4.47% increase in the last 365 trading days. As you can see, the metal and its popular products such as the Credit Suisse bullion bars are showing clear signs of positivity across the board and this is pretty much what is expected of 2009 as inflation swells and our debt clock increases. I wish you the best luck when investing in precious metals.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Bullion.org

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