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June 5, 2009 - Gold investment demand has taken a small hit today, yet it appears that many short-term investors are preparing to invest in gold bullion again, especially since the spot price has fallen more than 2% today, thus creating a bargain-hunting opportunity for those who believe that the spot price is currently headed towards the all-time record high of $1033 per ounce. This trading week has been hectic for precious metal investors as spot prices have tumbled, jumped and steadied. The majority of the market action that is occurring at the moment is mostly based on the United States Dollar because it is the key driver pushing and pulling gold right now. Despite today’s jump with the Dollar Index, short-term market forecasts are projecting higher inflation because historically, when governments print too much paper money, fiat currencies lose significant portions of their value. In the past two years, the United States Government in particular has overprinted more than $2 trillion in order to prevent a complete economic collapse. What do you think the long-term implications of this are? Fortunately, wise American investors seeking to protect their hard earned wealth are deciding to invest in gold bullion and certified rare coins that could thrive if the economy continues to flounder.

By around 4:20 PM Eastern Standard Time, it appears that less American investors are deciding to invest in gold bullion and certified rare coins today as the week comes to an end as the first weekly decline in five. The spot price of the metal is sitting at $954.50 per ounce, dropping 2.64% for the day yet still increasing 8.65% in the last year.

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Arthur McGuire

Senior Staff Writer - Gold-Investment.info