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April 15, 2009 - Gold investing is increasing in popularity today as sentiment arises that the United States recession could last longer than expected as a result of the latest financial data that is proving a contracting economy. There seems to be a large amount of mixed feelings with financial markets at the moment, and some investors feel that risk-taking stocks are the way to go while others feel that safe haven precious metals will thrive. It’s no surprise that our nation’s economy is headed in a dangerous direction with inflation on the rise and corporations failing like never before. Gold investing is expected to become the investment diversification that many investors flock to throughout this economic contraction, and it seems that the metal will continue to receive support from the upcoming negative corporate earnings, yet the strengthening United States Dollar could limit gains in the short-term. Fortunately, long-term preservation may be achieved by beginning gold investing before the recession gets any worse.

By around the end of the trading session, the spot price of gold is sitting at around $891.60 per ounce, up $2.30 or .22% for the day but still down $38.10 in the last month. Short-term market projections are expecting a teeter totter between gains and losses because many investors are simply confused about the best place to invest their hard-earned wealth. Don’t miss the chance to begin investing while you still can, especially since spot prices are projected to skyrocket up to $1200 per ounce if the recession continues spiralling down.

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Arthur McGuire

Senior Staff Writer –-Investment.info