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February 20, 2009 – Gold investment prices continue to climb today due to the ever-increasing safe haven demand for precious metals and of course, an investment that has the potential of profiting when everything else is losing value. Today, prices of bullion have finally surpassed the $1000 per ounce mark and looks like it may not turn around for quite a while as the economy continues to show signs of a deeper recession in the near future. Investors around the nation are witnessing the gold investment prices skyrocketing and thus they want to take advantage of this, especially since many of their stocks have suffered due to the problems with corporations at the moment. If we compared gold to stocks we can see that the metal is up more than 16% this year while many equities have lost more than 15%. It has been highly advised by financial institutions and banks to carefully diversify our investments with precious metals in order to balance out any losses that we could acquire from paper-backed assets.

Today the gold investment prices climb to their 11-month high with the spot price at $1004.70 per ounce, an increase of $31.50 or 3.24%, more than the majority of savings investors make in an entire year. The metal is looking like it may sit down on the throne of becoming the “investment of the generation” as it was predicted a few years ago. Have a good weekend and I wish you the best luck when investing in precious metals.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info