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February 9, 2009 – The price of gold is moving in the downward direction today but many market analysts as well as precious metal investors believe that a strong rebound could result due to the $819 stimulus plan that could be approved tomorrow. Many people are expecting a weaker United States dollar and higher inflation during 2009, which could be possible especially since we are nearly $11 trillion in debt and also in a recession that has no end in sight. If we analyze what’s happening right now to the economy we can easily see that the government is trying to inject as much money as they can into their currency in order to prevent major panic that may result due to insecurity with the United States Dollar. The actions that will be taken in the next several weeks may determine whether or not we go into another Great Depression. As I always say, hope for the best but prepare for the worst, especially since the price of gold could see some positive fluctuation as a result of all this mayhem.

The current price of gold is at around $900 per ounce, down $11.40 for the day but still at an impressive $58.00 increase for the month. The latest projections I’ve been reading about the metal continue to look very positive and almost anyone who knows anything about the investing market is bullish about gold right now. I wish you excellent luck when investing in precious metals.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info