Daily News

January 21, 2009 – Gold investment forecasts are looking very positive for 2009 despite recent fluctuation in everything from precious metals two stocks and the United States dollar. Most investments right now are experiencing some turbulence mostly due to the speculation about a new president in office and whether or not his plans will actually help the economy. Pres. Barack Obama is planning on $825 billion stimulus plan at a $50 billion bank bailout plan after a failed $700 billion plan by his predecessor. He was aiming at increasing jobs in restoring the economy to what it was before the recession and even though it would be nice to feel secure the United States dollar in, it’s very doubtful that a plan like this will have positive long-term effects. Many extra predictions are saying that this will only lead to a short-term benefit in the long run we could see massive amounts of inflation which in turn could make the gold investment forecasts of around $1500 per ounce a reality. Only time will tell you where precious metals will be in the near future but it’s very important to keep our eyes on current events to make a wise investing decisions.

We’re seeing gold trade in the area of $850.90 per ounce, down $4.90 for the day and up $3.30 for the month. After yesterday’s $20 spikes many are saying that prices should continue to increase starting next week as investors prepare their safe haven investments once again. This may be one of the best times to invest in precious metals. Have an excellent day.

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Arthur McGuire

Senior Staff Writer - Certified Gold Exchange