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Daily Gold Bullion Update

December 16, 2008 - It’s been a relatively good day for gold bullion investors as the metal comes up $13.10 to $855.50 per ounce. In the last 30 days gold bullion prices have increased $113.20 which is a 15.38% increase, pretty good compared to the ravaging daily fluctuation that is occurring in mainstream investment markets. Although stocks did rally today, going up 4.2% to 8924.14 on the index, many investors and expert analysts are predicting bad turbulence in the market due to the deflation. Speaking of deflation, it’s been a word that wasn’t spoken about this past summer but is now all of a sudden emerging as a result of massive interest rate cuts. These interest rate cuts are slicing to .25% to supposedly spur economic activity.

The future of gold bullion can be predicted by simply tracking the United States Dollar. Today alone, the dollar fell 2% on the currency index and financial experts feel that the dollar is on the verge of collapse. Knowing this, it is very important to invest intelligently by properly diversifying our investment portfolios so that maximum protection and optimal growth can be obtained. It’s only a matter of time before anybody who has any kind of wealth runs to gold bullion as their shelter from the storm. Francis Hudson, a global thematic strategist at Standard Life Investments said that “gold is the ultimate security blanket.” If people are referring to gold as the ultimate security blanket, wouldn’t you want to be covered today? Happy bullion investing to all!

Daily Updates Archive

Arthur McGuire

Senior Staff Writer - Certified Gold Exchange

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