Daily News

March 25, 2009 - The recent unstable fluctuation with equities is causing investors to rethink their investing decisions by diversifying into gold, that is being considered one of the safe investments to own during this recession. Yesterday, the Standard & Poor’s 500 Index fell after rallying for a few days in a row, and that movement combined with fears of inflation in the near future is one of the main drivers of the precious metal rally that may be seen in the next few days. Many market analysts are predicting that the metal is inching closer to its all-time record high of $1033 per ounce, which would mean an overall lower confidence in the United States economy and its Dollar. Currencies around the world are at a major risk of becoming devalued; especially since their respective governments have printed billions of dollars in order to temporarily aid their economies. What they don’t understand is that the problem most likely cannot be fixed by creating more problems. This would probably be a good time to consider the safe investments such as gold that have a historical track record of performing well during these types of negative economic environments.

The current gold spot price is sparking interest by bargain hunters and safe haven investors who simply want to own safe investments instead of unstable, fiat backed assets. The metal is trading at around $929.90 per ounce, up .41% for the day yet down 6.23% for the month. Happy investing and keep your eyes on the market for any sudden movement.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer –-Investment.info