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Daily Gold Bullion Update

January 6, 2009 – Pamp Suisse bullion bars have lost some value today as gold and other commodities are affected directly by the strengthening dollar for the third day in a row. The dollar’s increased demand has made several investors sell off their holdings but many have not been keeping up with the current gold projections that are extremely positive for 2009. The average projection for gold and Pamp Suisse bullion bars is putting the metal at around $910-$920 per ounce but more speculative projections relying on an ever weakening economy state that gold should be no less than $1200 per ounce this year. That’s about a 40% to 50% increase for the year, not too bad if you ask me. Everyone currently fears inflation and the credit crunch as well as unfortunate currency fluctuation and precious metals such as Pamp Suisse bullion bars are an excellent way to offset any of those problems. This is the reason why some investors are selling off for now while others are maintaining their investments looking towards a much brighter future.

Current gold prices are around $850 per ounce, down $8.20 for the day but still up to $95.80 in the last 30 trading days, making it a 12.78% increase for the month. The future looks positive for gold bullion bars and coins and this may signal an excellent time to further increase one’s holdings, or to try out the market for the first time if you haven’t invested already. Have a great day and don’t forget to invest while you can!

Daily Updates Archive

Arthur McGuire

Senior Staff Writer - Certified Gold Exchange

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