Certified Gold Exchange
Posted by Adam King on January 30, 2009
On The Way To The Top
January 30, 2009 – Today the Certified Gold Exchange has reported significant gains in investor demand for the metal. Gold continues spiking as investors are doing anything they can to preserve their assets from upcoming problems in the United States economy. Even investors who were sceptical about precious metals are purchasing now for the very first time as it may prove to be one of the most solid and profitable investments during 2009. In the past 5/6 six United States recessions, gold has increased in value and it looks like this time it will be no different. Right now we’re seeing several different governments scrambling to protect their currencies during the worst financial crisis seen since the Great Depression and it has been projected that because of this, we could see precious metal prices spiking to much higher values than anybody expected earlier this year. Today we also see the United States Dollar continue to make its gains versus other major currencies but market analysts are saying that this will not last long especially once the inflation kicks into full throttle.
During midday trading the Certified Gold Exchange has reported that the metal is trading at around $916 per ounce, up $8.30 or .91% for the trading day and also up $35.80 or 4.6% in the last 30 trading days. Projections continue to look powerful and many are saying that new records are sure to be placed this year as the economy continues to worsen by the day. This may be one of the best times to take a position with the Certified Gold Exchange. Invest well and have a beautiful day.
Arthur McGuire
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market
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