Posted by Adam King on March 17, 2009
The Journey Ahead
March 17, 2009 – Certified gold investors are preparing to see small amounts of fluctuation with the precious metal market as some of the newest data released by the United States Government and Commerce Department shows signs of short-term confidence. Stock markets are benefiting from this movement yet again and today they have seen a .4% increase in value during the early morning trading hours. Certified gold, the stock market and the United States Dollar all seem to have a loose correlation at the moment and when it comes down to it, it’s all based on the demand for safe haven and store of wealth assets with a little bit of potential for profiting. It’s also been reported that inflation at the wholesale level has risen in February for the second month in a row which could eventually begin to show signs of long-term hyperinflation down the road, even as close as by the end of 2009. Investment decisions should be thought of carefully at the moment and it’s important to diversify assets appropriately in order to have the ideal equilibrium in an investing portfolio.
Today the spot price of gold is continuing its decrease for the second day in a row, which puts it at around $915.80 per ounce, down $7.30 or .79% for the trading day and also down $25.80 or 2.74% in the last 30 trading days. Since the beginning of 2009, masses of wise investors have shifted their hard-earned wealth into certified gold in order to potentially profit and preserve in a long-term aspect.
Senior Staff Writer – Certified Gold Exchange
US Gold Market