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Daily Gold Bullion Update

February 2, 2009 – Gold bullion investments are proving to be the ideal asset to own during these troubled economic times and today the price of the metal has lost a bit of value due to the usual short-term selling which the market experiences whenever prices spike too quickly. Last week we saw gold bullion investments reach a six-month high and both short-term and long-term investors flocked to the market in order to make some quick profit as well as preserve some wealth over the next few years. Prices are projected to continue increasing by the end of the week due to more economic data scheduled to be released, and most likely the unemployment chart will cause some speculation that the economy won’t be getting better in a very long time. This is by far one of the most troubling times the United States has ever experienced and it has already been recommended by several banks and financial institutions to make gold bullion investments as well as certified rare coin investments in order to hedge any losses that could come from mainstream assets.

Today we’re seeing the gold spot price decrease a bit down to $914.60 per ounce, a $12.50 fall for the day but still a $39.70 increase in the last 30 trading days. The projections for the metal continue looking bullish and with the economy getting worse every single day, it only makes sense that precious metals might just see one of the best years in a very long time during 2009. Invest well and have an excellent day.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer –

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