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Daily Gold Bullion Update

February 19, 2009 – Pure gold bullion bars such as those minted by Pamp Suisse, Credit Suisse and Johnson Matthey have become a hot commodity in the past month and many market analysts believe that gold in general is heading in the direction of having an excellent year as the economy continues to get worse and wise investors seek any type of useful investment. It has been said that gold may be in a bubble at the moment that is still being blown up, which means that there could be much room for growth in the near future, especially since we could see hyperinflation as a result of our stimulus and bank bailout plans. Pure gold bullion bars are proving that they can be a truly unique investment and in the last few months we have seen the metal completely stray from its correlation with the United States Dollar and crude oil prices. This being said, it seems like gold has a mind of it’s own right now and since it could head in the upward direction as a result of this economic recession, it certainly makes sense to own a few of these pure gold bullion bars now before it’s simply just too late.

Today during the midday trading hours, the metal has lost a bit of value due to some overnight selling but long-term purchasing is still occurring, which has evened the spot price to around $971.80 per ounce, down 1.19% for the day but still up 13.57% for the month. It is interesting to know that with such significant gains in this market, that investors still have interest in mainstream investments like stocks that could fail even more than they have so far as result of corporations experiencing difficulty due to the financial crisis. I wish you the best luck when investing.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Bullion.org

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