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Daily Gold Bullion Update

January 29, 2009 – Gold bullion investing proves to be the excellent alternative investment today as many investors flocked to the metal once again due to the weakening United States Dollar and news that companies will only continue to get weaker in the near future as the recession deepens. Everything from Ford to Sony, Toshiba and Starbucks are currently at a decline and even the corporations that nobody thought would be hurt by the recession are crying in agony right now. The United States Dollar and crude oil prices are also dropping and unemployment has risen to a record high since government records began in 1967. The United States as well as the global economy is getting worse by the day and yesterday President Barack Obama’s $819 billion stimulus plan was passed by the U.S. House with hopes of fixing many problems in this financial crisis. Although it is good to remain hopeful, it’s also important to know that we could be seeing high inflation as a result of this tremendous amount of money being injected into our economy, so this may be an ideal time to give gold bullion investing a try before it’s too late.

Today we see the gold spot price rebound during midday trading to around $893.70 per ounce, up $7.30 for the day and also of $13.10 for the month. With the latest gold bullion investing projections looking bullish as the economy gets worse by the day, it has been recommended by many market analysts to take advantage of the market before prices spike to the projected levels that they have been estimated to rise to this year. Invest well and have a beautiful day.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Bullion.org

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