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Daily Gold Bullion Update

March 19, 2009 - Americans are beginning to flock to gold bullion investing as the metal is predicted to outperform the majority of other financial markets during the worst financial crisis seen since the Great Depression. Investors feel that the latest news on the Federal Reserve could devalue currencies and skyrocket the demand for precious metals that have safe haven qualities. The majority of people at the moment are completely shocked at the movement that bullion made yesterday, rebounding from a $30 loss to a near $50 gain for the day. Those who missed out on the opportunity probably wished that they would have taken up gold just one day. The biggest fear at the moment comes from the quantitative easing occurring with the government, and this is why investors are beginning to prepare themselves for inflation ahead by properly diversifying their portfolios with a physical possession gold bullion investing method.

Today bullion prices are continuing their rebound for the second day in a row and it is currently approaching its three-week high at $955.50 per ounce, an increase of $14 for the day yet a decrease of $14 for the month. It’s important to notice the correlation between the metal and the United States Dollar that is currently on its eighth day of straight losses. Short-term projections are saying that bullion could see further significant increases in value if fiat currencies continue their devaluing streak. Keep your eyes on the financial markets and invest well.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer – Gold-Bullion.org

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