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Daily Gold Bullion Update

March 12, 2009 – Precious metal investors, and even equity investors are seeking a reputable gold bullion exchange due to some of the latest projections coming from Citigroup and Merrill Lynch speaking about the possibility of gold more than doubling by the end of the year. There continues to be a large amount of speculation that short-term metals investing could be risky but long-term diversification may be one of the best things an investor can do to his or her portfolio. The reason for this is because the metal has historically acted well during inflationary times and even deflationary environments, and also because the demand has exceeded so much that supply is becoming limited, which could cause a major spike in the near future. People are taking note of this and as a result they are looking to begin an investment with the appropriate gold bullion exchange that can meet their needs perfectly.

During midday trading, investors are happy to know that their bullion products are increasing in value once again with the spot price that has moved up to $924.90 per ounce, an increase of $17 or 1.87% for the trading day. Short-term projections for the metal are looking very bullish and market analysts believe that there is a high possibility of the record high becoming surpassed by next week due to predictions of an even weaker stock market and decreased value of the United States Dollar. Keep your eyes on the financial markets and remember to deal directly with a gold bullion exchange that can help you best.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer – Gold-Bullion.org

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