Daily News

May 7, 2009 - Gold is currently increasing in value for the fourth consecutive trading session, up to a five-week high based on speculation that the latest government and bank actions may trigger long-term inflation, thus wise investors are flocking to companies like the Certified Gold Exchange for all their precious metal diversification needs. Two key economic factors are pushing spot prices up at the moment, the first is the European Central Bank cutting its key interest rate and announcing further methods of quantitative easing while the second is the United States stress tests on 19 banks that will indicate the overall health of our financial institutions. Historically, quantitative easing causes inflation in economies due to overprinted fiat currency, and this is exactly what we may see in the near future if Europe continues its current actions. On the other hand, if our bank stress test results are released worse than expected, it could signal massive withdrawals from financial institutions similar to what was seen in the beginning of the first Great Depression. Fortunately, the Certified Gold Exchange could help investors when looking to preserve their hard-earned wealth during these dangerous economic times.

By around 2 PM Eastern Standard Time, the gold spot price is continuing to increase, yet only minor gains are being seen, and the metal currently sits at $912.10 per ounce, increasing one dollar for the trading day and also increasing $44.20 in the last 365 trading days. Several market analysts are highly recommending that wise investors begin diversifying into gold no matter what happens with the economy because it’s the unexpected, long-term pressures that may be our downfall. Contact the Certified Gold Exchange if you seek any additional information or competitive pricing when investing.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Investment.info