Gold Spot Price $1692.2 -0.60    Silver Spot Price $31.65 -0.11    Platinum Spot Price $1542.00 -2.00    Call Our Gold Bullion Hotline at 800-300-0715 For Live Quotes On Gold Coins And Bars - Always Free, Insured Delivery.
Daily Gold Bullion Update

February 20, 2009 – Gold bullion projections are starting to clearly become a reality as the spot price of the metal surpasses the $1000 benchmark during the early morning trading hours and seems to be increasing with no sign of stopping in sight. It certainly is an exciting day for those wise investors who saw the January gold bullion projections and entered the market with the correct bars and coins because they have made a significant amount of profit from their initial investment. The question is where will the spot price head to next? There are many predictions say that $1500 per ounce during 2009 could be possible with the massive amount of debt and increasing inflation that is driving people away from the United States Dollar and its equities. If we simply take a look at gold’s inflation adjusted price we can see that if all the economic factors where taken into account in today’s spot price, that it should be trading at around $2000 or higher per ounce. With all of this room for growth, it certainly makes sense to diversify our assets in order to possibly achieve this 200% gain in value that could be achieved in the coming months and years.

Today the bullion spot price increases into the area of $1004.70 per ounce, up $31.50 or 3.24% for the trading day and also up $60.10 or 6.37% in the last 30 trading days. The latest gold bullion projections are showing that the sky is the limit with precious metals at the moment, so invest well and have a great weekend.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer –

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