Posted by Adam King on July 23, 2009
Gold Pushing And Pushing…
July 23, 2009 – Certified gold prices are extending their gains today as the spot price of the metal climbs to a six-week high based on further weakness with the United States Dollar Index and ongoing speculation about long-term inflation that is only bound to occur in our economy. The United States Federal Reserve has already mentioned that inflation will be apparent in our economy once an economic recovery begins, and comments like these have caused American investors to rethink their investing strategies in order to be better prepared for instability down the road. Many investors are re-entering the certified gold market because historically, the metal thrives during inflationary economic environments. For example, the last time that the United States faced dangerous inflation was in the late 1970’s when the gold spot price jumped up more than 800% in just two years based on skyrocketing safe haven demand. If you feel that you could protect your hard-earned wealth with a certified gold investment, now may be a good time to learn more about this diverse and elaborate market.
By 1 PM Eastern Standard Time, certified gold prices are climbing as the gold spot price continues heading in the upward direction, currently sitting at $954.70 per ounce, increasing $3.60 for the trading day, and also increasing $32.10 in the last 30 trading days. Short-term projections are forecasting that spot prices could climb up to $985 per ounce by next week if significant dollar weakness continues.
Senior Staff Writer – Certified Gold Exchange
US Gold Market