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May 27, 2009 - Inflationary pressures seem to be building faster than expected while the United States Dollar is strengthening and stock markets continue to dull, yet gold investment forecasts are looking increasingly bullish as market analysts from around the United States are beginning to feel that the precious metal may be one of the best investments to own during this financial crisis. Earlier in 2009 there was a list of major banks and financial institutions along with their gold investment forecasts for the year, and it’s noteworthy to say that the majority of those companies have updated their projections to better suit a floundering economy when gold historically thrives. Companies ranging from Citigroup to Merrill Lynch have predicted that the metal may see extended gains around the area of $1000 per ounce as the financial crisis worsens and investors begin flocking to safe haven metals. This being said, it’s very important that you keep a close eye on any new updates that occur with gold and the United States Dollar because their inverse correlation may continue as the economy spirals down into a deeper and darker recessionary cycle.

By around 2:20 PM Eastern Standard Time, it appears like bullion investments are seeing some minor losses for the trading day while many widely traded certified rare coins are holding on to their value as they typically do when the spot price fluctuates mildly. Currently the spot price of the metal is sitting at around $951.70 per ounce, falling .03% for the day yet still gaining an impressive 5.03% in the last 30 days.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info