Daily News

May 19, 2009 - Gold bar investing is becoming more popular today as American investors are catching on to the fact that the United States financial crisis may take significantly longer to end. The latest economic data is showing that core inflation is on the rise while unemployment climbs to 20 year highs and US housing starts fall to record lows. It should come as no surprise to investors that all of this negativity is occurring with the economy at the moment, especially after decades of relentless lending and years of excessive overprinting of United States Dollars. It is time for nations around the world to pay the consequences of their actions, and masses of wise investors fear that their hard-earned wealth could go down the drain in the next few years in the event that this scenario worsens. Fortunately, gold bar investing and certified rare coin investing have historically proven solid profit and preservation potential that is unmatched by mainstream financial markets.

By around 2:10 PM Eastern Standard Time, it appears like there is some moderately higher short-term and long-term safe haven demand for gold bar investing and certified rare coin investing as the gold spot price rebounds from yesterday’s tumble up to $927.30 per ounce, moving up $9.90 for the trading day and also moving up $25.70 in the last 30 trading days. Short-term market projections are expecting the metal to stay at around $930 per ounce until significant market momentum pushes past this resistance level, possibly driving spot prices into the high $900’s.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Investment.info