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Daily Gold Bullion Update

May 28, 2009 – The gold bullion spot price is once again spiking up for the second consecutive trading session based on a powerful rally that has begun as investors from around the United States are flocking to safe haven precious metals as fears of a worsening financial crisis escalate, and it appears like Johnson Matthey bullion bars in particular are a “hot buy” at the moment for investors who seek a bullion bar with a low premium above the spot price. Johnson Matthey bullion bars are some of the most popular gold products available, and they come stamped with their exact weight along with an individual serial number and assay certificate for authentication purposes. Many investors love these bars because they come in a wide variety of price ranges based on individual weight, such as 1 ounce, 5 ounce, 10 ounce, 100 ounce, 1000 ounce and of course the ½ kilo and 1 full kilo varieties. Most financial institutions and precious metal exchanges recommend that investors purchase bullion bars if they seek short-term profit potential when owning precious metals.

By around 1:45 PM Eastern Standard Time, Johnson Matthey bullion bars along with the majority of other bullion products are seeing significant increases in value as the spot price makes a sudden jump up to $960.50 per ounce, increasing 1.31% for the trading day and also increasing 7.55% in the last 30 trading days, a noteworthy spike that has been caused by skyrocketing safe haven demand and speculation that the metal could climb up to $1033 per ounce and higher in the near future.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer – Gold-Bullion.org

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