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Daily Gold Bullion Update

February 24, 2009 – Gold bullion retirement accounts are showing some excellent investment potential in the long-term, as many market analysts believe that serious problems will begin to sink the United States economy within the next 12 to 18 months. With the ever growing problems in the financial crisis, such things like equities could be in grave danger of even more losses as they are directly tied to the United States Dollar that is predicted to suffer from inflation much sooner than expected. It’s very unlikely that governments will actually pay back the money that they are borrowing right now, which means that currencies could become devalued, and thus precious metals investments such as gold bullion retirement accounts would have the potential of making significant gains. The majority of mutual account investors have lost massive portions of their wealth in the last few years since the recession began, doesn’t it make sense for them to hedge their assets with gold bullion retirement accounts that have a history of protecting investors during difficult times?

Today the gold bullion spot price falls down to around $966.30 per ounce, a decrease of $25.40 for the day but still an increase of $68 for the month. The usual short-term profit-taking has begun once again in the precious metal market but is not projected to last long as the economy only seems to be getting worse and the overall long-term investment demand for safe haven assets is increasing substantially. I wish you the best of luck when investing in precious metals.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Bullion.org

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