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Daily Gold Bullion Update

January 23, 2009 – Gold bullion forecasts are looking extremely bullish right now and gold in general is spiking to unexpected levels due to masses of investors rushing to the precious metal markets in order to protect their assets from the future devastation in the United States economy. Today’s gains are nothing short of impressive and while mainstream investors who have things like stocks and bonds are pulling their hair out today, precious metal investors are sitting pretty knowing that they’ve made huge gains for the day. With gold bullion forecasts say that this could be one of the best years ever for the metal, doesn’t it make sense to get involved in a good thing? 2009 may not be a good year for other investments like stocks or the United States Dollar, and that is the reason why precious metals could thrive during the coming months.

During midday trading gold continues to spike and there’s no sign of it stopping, investors are really buying on fear right now and this fear is causing significant gains in prices. Right now the spot price is at around $893.70, up $37.30 for the trading day, up $46.70 in the last 30 trading days and up $8.90 in the last 365 trading days. Gold bullion forecasts continue to say that this will be a record-breaking year for the metal and many are saying that $1500-$2000 per ounce is very possible by the end of 2009 and that prices should continue increasing for years to come. This may be one of the best times to enter the market and take advantage of the opportunity of a lifetime. Invest well and have a beautiful day.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer - Certified Gold Exchange

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