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Daily Gold Bullion Update

April 14, 2009 – Increasing inflationary pressures with more than $10 trillion that was spent by the United States Government and Federal Reserve has caused many wise American investors to begin protecting their nest egg by shifting mutual and bond backed retirement accounts into gold bullion retirement accounts. This has become more common in the past few years as large vulnerabilities began to emerge with any asset tied directly to a devaluing fiat currency, in our case the United States Dollar. An interesting article from Bloomberg.com said that “The medium to long-term outlook for inflationary pressures from government spending will keep gold on its uptrend,” and this couldn’t be any more accurate, especially since gold bullion retirement accounts have a tendency to increase in value when investors fear problems with mainstream financial markets. March alone showed a 1% increase in imported goods, and several market analysts believe that good will continue increasing in value as our United States Dollar continues to face severe pressure after our considerably excessive stimulus and bank bailout packages.

Gold bullion retirement accounts have acted like a fire extinguisher to retirement portfolios that are on the verge of crisping, and today they are losing a bit of value as investors are taking a more risky approach to investing in the short term. At around 1 PM Eastern Standard Time, the spot price of the metal is trading $890.20 per ounce, falling $2.40 for the trading day which equals a .27% drop for the day. Keep a close eye on the strength of the United States Dollar as it may lead the way to higher precious metal prices down the road.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer – Gold-Bullion.org

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