July 7, 2009 – The price of gold is climbing today as speculation about long-term hyperinflation is causing many wise American investors to shift away from dollar-backed assets in exchange for one of history’s most preservative precious metals. Today I would like to focus on the growing speculation of hyperinflation because the United States Dollar is currently under serious pressure after our Federal Reserve and Treasury have overprinted trillions of dollars within the past few years in order to prevent an economic collapse. Several leading market analysts are predicting that hyperinflation is unstoppable at this point, yet they are also saying that now is the prime time to prepare and prosper for the long road ahead. What many investors don’t know is that historically, the price of gold tends to increase when inflation is on the rise, and with the Federal Reserve planning to increase interest rates before the end of the year, we may see similar market movement that was last seen between the years of 1978 and 1980, when the price of gold increased more than 800% as a result of skyrocketing inflation and a large-scale shift into safe haven assets. If you feel that you could protect your hard-earned wealth with gold, now may be a good time to learn more about this elaborate market.
By around 3:20 PM Eastern Standard Time, the price of gold is increasing as more American investors are beginning an investment in either physical possession bars or coins, thus the higher demand is pushing the metal closer to its $930 per ounce resistance level, currently sitting at $926.20 per ounce, up $1.30 for the trading day.
Senior Staff Writer - Gold-Investment.info