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February 11, 2009 – Gold along with precious metals in general are being looked at as a safe investment at the moment considering that what was once “safe” for many investors has become too risky to own at the moment, especially with the rising inflation that could occur in the coming months as a result of the recently approved stimulus package. Wise investors have seen the opportunity to profit with gold as a safe investment alternative to equities and thus they are entering the market at alarming rates. Just in the past two trading days the metal has added $50 to its daily market spot price and many short-term projections are saying that this is just the beginning of the price increases that could occur during 2009. The current financial crisis is by far the worst we have had in the last 70 years, which is why many banks and expert financial analysts have recommended that investors begin a safe investment alternative like gold before it’s too late.

Today the gold spot price is up to around $943.30 per ounce, this is a 3.06% increase for the day and also a 10.51% increase for the month. With investors flocking to precious metals as the ultimate store of wealth during this recession, it has been projected that prices could reach $1500 per ounce by the middle of the year if things continue getting worse. I wish you the best luck when investing in precious metals.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info