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July 28, 2009 – The majority of gold investment forecasts have been quite bullish since the beginning of the year as several market analysts projected that the spot price of the metal could climb above and beyond its all-time record high of $1,033 per ounce before 2010. Out of these gold investment forecasts, some of the most interesting, yet speculative projections revolved around a significant weaker United States Dollar as a result of growing inflation. In the past few months, the United States Government has overprinted trillions of dollars in order to prevent short-term inflation and of course, an economic collapse. These actions have delayed higher spot prices because the latest overprinting of dollars has created the sentiment that an “economic recovery” may be underway. This has fooled many investors into believing that gold could be experiencing a bear market, when in reality it could just take a little bit longer for spot prices to go “through the roof” as has been projected in the latest gold investment forecasts. This being said, it is highly recommended that gold investors keep a very close eye on spot prices along with other external economic factors, especially inflation that could signal the ideal time for skyrocketing spot prices.

By 11:45 AM Eastern Standard Time, it appears that the gold spot price is seeing a significant decline as many short-term investors are rapidly selling the metal in order to quickly profit from the latest spikes in value. Currently the metal is trading at $934.80 per ounce, tumbling $18.50 or 1.94% for the day, yet still increasing $4.70 or .51% in the last year.

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Arthur McGuire

Senior Staff Writer - Gold-Investment.info