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February 27, 2009 – The gold spot price continues to experience some short-term downward fluctuation today despite news of a floundering United States economy due to an unimpressive GDP report. Wise investors are seeking safe haven investments like gold at the moment, which is known as a hard currency that has the potential to become more valuable than paper currency when inflation is on the rise. Latest news about the American gross domestic product shows the depth in which our economy has sunken in the past year and also proves the fact that we are in a much worse recessionary time than people expected. The overall contraction that the United States economy has undergone is up to 6.2% in the last quarter of 2008, which has increased the amount of risk aversion investors and thus could increase the gold spot price once this current sell-off ends and investors become interested in taking part of a historically profitable and preservative market.

Today we are seeing the gold spot price extending its losses as a result of moderate profit-taking that has brought the metal to around $936.40 per ounce, down $9.10 or .96% for the day yet still an impressive gain of $50 or 5.64% for the month. Investment demand for American Eagles and Canadian Maple Leafs as well as $20 Saint-Gaudens have been increasing substantially amongst wise investors who want to hedge their assets from the increasing problems with the economic recession we’re facing. I wish you the best of luck when investing.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info