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Daily Gold Bullion Update

January 8, 2009 – Pure gold bullion bars along with all precious metals have regained significant value today as the crumbling United States dollar sparks more interest into the minds of safe haven investors. In the last three or four days we have seen some sharp losses in the prices of pure gold bullion bars but today investors have regained confidence in the metal after seeing an almost instant 2% gain for the day. All this movement is being caused due to their dream back fall into a three-day low against the euro and the pound. As we all know, gold usually moves opposite to the dollar and right now investors are taking this opportunity and running with it. The current gold spot price is $856.90 per ounce, a 1.77% increase for the trading day.

Earlier today I read a news article that spoke about a survey that was given to several millionaires asking them how much they lost for the year 2008. Results were astonishing and many lost over 30% of their net worth last year. This is a major loss for any investor and it surprises me that they did not take a position with pure gold bullion bars or coins, because instead of losing 30% they would have gained 5%. It’s only a matter of time before the masses of investors start switching from mainstream investments like stocks into precious metals like pure gold bullion bars. Until then only the investors already in the market will be profiting and preserving their hard-earned wealth. Have a great day and invest well!

Daily Updates Archive

Arthur McGuire

Senior Staff Writer - Certified Gold Exchange

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