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January 29, 2009 – Gold investing has become the talk of the day as investors flocked to precious metals once again as news of the weakened equities and record high jobless claims strikes fear into the minds of investors and American citizens nationwide. Unemployment is currently sitting at around 4.78 million, which is the highest number we’ve seen since the government records began taking place in 1967. Corporations in general are doing horribly right now with everything from Ford to Sony and Starbucks losing significant profits and laying off several thousand employees. Yesterday the House of Representatives approved President Barack Obama’s $819 billion economic stimulus plan, which may be the last hope for the United States economy. The plan is supposed to provide several billions of Dollars for infrastructure projects while at the same time assisting the nation in creating budgets that could provide relief to many citizens. This may just be a powerful year for gold investing so it would definitely be a wise idea to take some positions while we still can.

During midday trading gold continues to spike and is currently at $893.70 per ounce, this is a .82% increase for the day and a 1.49% increase in the last 30 trading days. Projections for gold investing are looking very bullish right now and even the speculative projections of $1500-$2000 per ounce could become a reality as the United States economy continues to sink into a hole that it may not be able to get itself out of. Invest well and have an excellent day.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info