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Daily Gold Bullion Update

April 10, 2009 – Since the beginning of the year, gold bullion projections have been extremely bullish as market analyst and financial institutions are expecting safe haven demand to increase substantially due to the severe problems that are arising during this financial crisis that has been considered the worst since the Great Depression. According to Bloomberg.com, the latest movement with the metal has shown that it is under some pressure by a strengthening United States Dollar and stock market, yet we need to take into consideration that the only reason the US economy is strengthening is because of more than $10 trillion that have been injected into this economy. For those that don’t know, $10 trillion is nearly our overall national debt, which means that since the beginning of this recession, we have nearly doubled what we already owe. It could take several years for us to pay back these loans, but in the meantime we may experience a high inflationary economic environment that just might make even the most speculative gold bullion projections a reality.

During the midday trading hours, bullion spot prices are increasing in value despite a stronger US Dollar and stock market, and the metal is currently trading at around $881.60 per ounce, up .18% for the trading day yet down 5.61% in the last 365 trading days. Don’t forget to diversify correctly while you still can, especially since gold bullion projections by precious metal researcher GFMS are saying that spot prices could exceed $1100 per ounce by summer.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer – Gold-Bullion.org

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