February 25, 2009 – Gold investing is once again becoming a popular investment method for people around the United States as the uncertainty with stocks and other mainstream investments is increasing the demand for safe haven investments during one of the worst economic recessions in the United States history. Many market analysts even believe that the United States is in something much worse than a recession, and instead in a full-blown depression that is being driven by a failing currency and massive trade deficit. If in fact we are in a depression, then there is potential that gold investing could become the primary investment choice to those wise Americans that want to profit and preserve their wealth adequately. This being said, it’s important to watch the external economic factors that may signal change in the markets in order to benefit the most when gold investing.
Today we are seeing the gold spot price rebound once again as a result of increased fear and instability with dollar-backed investments such as stocks, and thus the metal increases into the area of $973.50 per ounce, up $10.80 for the day and also up $35.20 for the year. Many investors and market analysts believe that 2009 will be the year when precious metals thrive above other investments and with projection saying that the metal can surpass its record high and breach into the area of $1300 per ounce, nothing is impossible. I wish you the best of luck when investing and remember to diversify your assets well before it’s too late.
Senior Staff Writer – Gold-Investment.info