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Daily Gold Bullion Update

February 11, 2009 – The lucky retirement investors who own a gold bullion retirement account have seen their hard-earned wealth appreciated in value significantly today and especially in the last month. Many banks and financial institutions around the nation are urging citizens to own precious metals during this financial crisis because even they know the potential that they offer during times of economic distress. Today alone we have seen the value of a gold bullion retirement account increase to a seven-month high as safe haven buying increases to dramatic levels with no sign of stopping in sight. Things are going so bullish for the metal right now that it’s possible that we could see the record high of $1033 per ounce become surpassed due to investors flocking to precious metals since there is nothing else that offers the profit and preservation potential that they do at the moment. It’s probably not a wise idea to own investments that are tied directly to the United States Dollar such as equities because they can become severely damaged in the near future.

Today the daily market spot price is in the area of $943.30 per ounce, this is a $28.00 or 3.06% increase for the trading day and a $20.10 or 2.18% increase for the last 365 trading days. It has certainly proven to be a wise idea to own a gold bullion retirement account especially with the potential of major growth increasing with the passing of our stimulus plan. I wish you the best luck when investing in precious metals.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Bullion.org

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