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January 22, 2009 – Gold investment projections continue looking positive for 2009 as the beginning of the year shows a grim near-future due to large amounts of problems with the financial crisis and investments in general. I know that investors aren’t finding the safety in stocks and bonds that they used to have back in the 1990’s, so there are flocking to precious metals which are not only a store of value but also a profit-taking vehicle during difficult economic times. As the United States Dollar continues to climb, initial claims for unemployment benefits rose to a 26-year high and the construction of new houses fell to a record low. Many investors are purchasing precious metals right now because they know that the recession is deepening and with such powerful gold investment projections saying that the metal could reach anywhere from $1000 per ounce to $2500 my the end of the year, who would want to take a piece of that pie and preserve their wealth while profiting at the same time?

Today the gold spot price is around $856 per ounce, a $2.90 or .34% increase for the day and a $16.10 or 1.92% increase for the month. As investors continue to ditch their mainstream investments in exchange for precious metals, we could be seeing even the more speculative gold investment projections become a reality in the near future. Only time will tell which investment will be best, until then have a great day and invest well.

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Arthur McGuire

Senior Staff Writer - Certified Gold Exchange