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Daily Gold Bullion Update

May 13, 2009 – Gold bullion bar pricing is on the rise yet again and it appears like a moderate rally to safe haven assets is beginning in the United States as several wise investors are beginning to reconsider the dangers of mainstream investments during these unfortunate economic times. Gold bullion bar pricing basically refers to the price that an investor pays when they decide to purchase bullion bars like the Credit Suisse, Pamp Suisse and Johnson Matthey products. Bullion investing has been a very popular method of wealth diversification for decades because the metal is considered to be one of the best ways to store wealth over a long period of time due to its anti-inflationary properties. Modern-day investors are taking advantage of these properties by diversifying into the appropriate safe haven products that could preserve long-term spending power in the event that the economy continues spiralling down into a possible second Great Depression. An interesting article that I stumbled upon last week mentioned that wise investors should purchase gold no matter what they feel could happen with the economy because historically, the metal almost always increase in value over time.

During the midday trading hours, gold bullion bar pricing is showing signs of significant safe haven demand, and the spot price of the metal is currently fluctuating in the area of $927.40 per ounce, moving up .49% for the day and also moving up 7.08% in the last year. The United States Dollar continues driving the way for spot prices; so keep a close eye on the Dollar Index in order to determine where the market may head to next.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer –

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