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Daily Gold Bullion Update

May 18, 2009 – Gold bullion investing is one of the oldest forms of precious metal diversifications, and time and time again it has benefited investors during troubling economic times such as the ones we are experiencing now with the current financial crisis. In the past two years, the United States economy has gone from a possible recession into a full-blown financial crisis that is the worst we have seen since the Great Depression. Billions of dollars have withered away in stocks, bonds and retirement accounts as mainstream financial markets got slammed by an onslaught of negative economic data and failing corporations. Several wise investors who began gold bullion investing in 2001 have made exponential profit, usually around 300%. The profit and preservation potential that safe haven metals like gold have during times of economic distress has been considered impressive by market analysts and investors alike, and this is why safe haven demand is expected to continue increasing if our financial crisis gets worse.

By around 12:40 PM Eastern Standard Time, gold bullion investing is taking a minor step back, and it appears like the metal and stock markets are trading in completely inverse directions. Currently, the gold bullion spot price is sitting at around $921.30 per ounce, decreasing 1.03% for the trading day yet still increasing 6.06% in the last 30 trading days. Spot price projections are looking considerably bullish because many market analysts believe that the economy needs to get significantly worse before we can see light at the end of this tunnel.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer – Gold-Bullion.org

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