Daily News

April 14, 2009 - The latest earnings reports from investment bank Goldman Sachs Group Inc. is fuelling the hope that the economic recession may be over, yet the future of gold investing still looks bright as many investors are still seeking a long-term preservation tool that may thrive during the incoming inflationary period. Goldman Sachs Group has reported a much higher than expected quarterly profit and they’re also planning on paying back $5 billion to the United States Government in order to cover the massive bank bailout plan that saved them in the first place. The earnings report has created some small sentiment amongst American investors feeling that the United States economy may be headed in the right way, yet many are not considering the long-term effects of our latest bank and stimulus packages. This being said, the future of gold investing may be more positive than expected, especially since wise investors flock to the metal when other financial markets are under pressure from such negative economic effects like inflation.

By around 3 PM Eastern Standard Time, the gold spot price is continuing its small downward fluctuation, trading at around $886.70 per ounce, a drop of .66% for the day and also a drop of 4.07% in the last year. Many large financial institutions such as GFMS and Merryl Lynch are expecting a positive future of gold investing, and they are saying that spot prices could reach $1200-$1500 per ounce by year’s end. Don’t miss the chance to invest before spot prices reach double their current values.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer –-Investment.info