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May 21, 2009 – The gold spot price is truly unleashing beyond technical resistance levels and projected benchmarks and it appears like many large household and institutional investors are entering the market in order to protect massive chunks of hard-earned wealth from a devaluing United States Dollar that may face serious problems down the road. Inflationary pressures have been apparent for several years now, yet after our massive bank bailout and stimulus packages, these pressures are more apparent than ever before and several market analysts believe that our dollar could become significantly devalued in the near future unless the appropriate anti-inflationary methods are taken by our government before it’s too late. Unfortunately, the Federal Reserve has mentioned that a high inflationary period may be good for our economy, yet that seems like a good way to cover up the obvious after-effects of trillions of overprinted dollars. The last time the United States experienced such a high inflationary period was in the late 1970’s, when the gold spot price shot up more than 1000%, giving its investors massive profit while other markets floundered.

By around 2:30 PM Eastern Standard Time, the gold spot price is showing very impressive gains for the trading session and it appears like it is on a powerful rally that could only be stopped by a stronger United States Dollar and stronger equity markets, yet we may not see that for a while. The spot price is currently at around $952.10 per ounce, increasing $15.40 for the day and also increasing $20.80 in the last year.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info