January 23, 2009 – Gold investment predictions continue to look extremely bullish for 2009 and many market analysts are saying that even the speculative projections made earlier this year could become a reality as the economy continues to get far worse than most people expected. Today, the United States Dollar increases while most equities, crude oil and other currencies continued to lose value and many are saying that this is just the beginning. As a result of this, we’ve seen some significant spikes in the value of precious metals today, signalling that the gold investment predictions made two weeks ago are starting to head in the right direction. We’re really starting to see a lot of physical investment demand for the metal and it is advised to purchase soon and hold on to your investment until the end of the year as we could be seeing much better increases before 2010.
Today gold is trading in the area of $894.30 per ounce, a $37.90 increase for the day and a $47.30 increase in the last 30 days. With gold investment predictions saying that the record high we saw last year should be surpassed significantly, it definitely makes sense to own a few bars and coins to take advantage of this bullish market at the moment. The latest projections are saying that we could be seeing $1000-$2000 spot prices by the end of the year which could mean a 200% gain on investment. Invest well and have an excellent day.
Senior Staff Writer - Certified Gold Exchange