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February 17, 2009 – The gold investment forecasts that had been seen during late 2008 were considered to be speculative and sometimes crazy but after seeing the motion that the market is taking due to the economic recession getting worse by the day, it is possible that even the most far-fetched projection could become a reality during 2009 as a higher-than-expected amount of wise investors enter the market to protect their hard-earned wealth. For example, the pessimistic market analysts believed that the metal would fall back down into the $750 per ounce benchmark during January and instead it rose to nearly $900 per ounce and continued to increase during February. Currently, a few gold investment forecasts that said that the historical high would be surpassed this year are nearly fulfilled, as the metal is around $60 short of its all-time record high. The best part about this is that our economic stimulus plan just got fully passed today so the long-term inflation that could result from such a large amount of money being pumped into our economic system could mean even more growth to come in the coming months and years.

During the midday trading the spot price of gold moves up to around $968.70 per ounce which is an increase of $27.10 or 2.88% for the trading day and also increase of $126.30 or 14.99% in the last 30 trading days. With so many gold investment forecasts saying that the metal could hit $2000 per ounce by the end of 2009 and even $5000 per ounce by around 2012 it definitely makes sense to diversify before it&rsqyo;s too late. I wish you the best luck when investing in precious metals.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info