February 16, 2009 – Gold investments are proving their worth during the financial crisis and more investors are choosing them over standard investing methods like stocks and bonds because physical possession precious metals have proven to be a safer and more profitable alternative when Dollar-backed assets are failing. It definitely makes sense to see such a high volume amount of people entering this historically preservative market especially since there have been so many bullish projections about the future of the metal and of course the fact that gold investments have increased in value more than 300% since early 2001. As investors continue to seek a hedge from inflation, the confidence in the United States Dollar and other commodities are dropping at a rapid pace and we could see many things start to change soon unless effective government aid acts quickly.
During the afternoon trading hours, gold investments are rising in value and are up to $942 per ounce, which is an increase of .04% for the trading day, 11.82% for the month and 4.47% for the year. Almost every day we see governments around the world pumping money into their financial systems and this is what could result in pushing the prices of the metal up to $1500 per ounce and even more if things get even worse. 2009 could be a significant year for many investors around the world. I wish you the best of luck when investing in precious metals.
Arthur McGuire
Senior Staff Writer – Gold-Investment.info