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Daily Gold Bullion Update

June 11, 2009 – The demand for pure gold bullion bars is once again increasing today as speculation is arising saying that the United States Dollar will continue floundering versus other major currencies, thus creating long-term inflationary fears that have proven to be ideal scenarios for precious metal investors. In the past eight years, the United States economy has slowly but surely spiralled down into a dangerous financial crisis, and pure gold bullion bars such as the Pamp Suisse and Johnson Matthey products have increased in value more than 300% as stock and real estate markets collapsed nationwide. Major banks and financial institutions have pleaded for aid because wise investors have shifted away from paper currency into a more historically preservative asset, physical possession gold bullion. To make matters even worse, the latest economic data is showing signs of possible hyperinflation or even deflation down the road, and fortunately gold has thrived during both negative economic scenarios as one of the ultimate store of wealth investments. If you feel that you could protect your hard-earned wealth from the dangers that we may face in your future, you may want to consider a gold diversification soon.

By around 1 PM Eastern Standard Time, pure gold bullion bars are showing a moderate rebound as the gold spot price has erased earlier losses, currently sitting at around $961.20 per ounce, jumping up .74% for the trading day and also jumping up 9.20% in the last 365 trading days. An interesting short-term bullion projection that I read yesterday mentioned that if the dollar continues showing weakness, the precious metal could head into the $1000 per ounce range before the end of the month.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer - Gold-Bullion.org

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