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Daily Gold Bullion Update

April 9, 2009 – Pure gold bullion bars are experiencing some small increases in value today despite projections that the spot price would fall for the third week in a row based on speculation that the rally to equities would continue escalating as a result of a “stronger” global economy. Several of the stock market indexes have already increased more than 20% since the beginning of the month, and it’s only obvious that this would happen after so much economic data showed that the recession may be over, yet there are still severe problems down the road that could awaken many people into reality. One of the biggest problems that we could face in the near future is inflation. The reason that wise investors purchase precious metal such as pure gold bullion bars is to hedge themselves from inflation and currencies devaluing, and it’s important to note that there has been no government intervention that protects us from this long-term issue. This being said, now may be the ideal time to purchase pure gold bullion bars and any other precious metal product could thrive during these troubling economic scenarios.

During the midday trading hours, the bullion spot price is showing small gains that are limited by a strengthening United States Dollar and stock market, and the metal is currently trading at around $881.60 per ounce, an increase of $1.60 for the day and a decrease of $52.40 in the last year. According to Bloomberg.com, future fluctuation with the spot price will be directly related to the strength of the Dollar along with US stock markets.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer – Gold-Bullion.org

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