CertifiedGoldPrices
Posted by Adam King on March 24, 2009
Gold VS Dollar
March 24, 2009 – Certified gold prices continue their ongoing battle with the United States Dollar and the value of equities as speculation about the future of the United States economy is causing significantly higher fluctuation in all financial markets. Fortunately, many of the investment grade certified gold prices have remained stable despite all of the recent fluctuation, yet bullion products have not been so lucky, and they have lost a bit of value today for the third day in a row. Central banks around the world are spending trillions of dollars in order to help their economies from the worst economic recession since the Great Depression, but wise investors are seeing this as a long-term hazard especially since inflation could rise exponentially in the near future as a result of our excessive fiat money printing. The certified gold prices could benefit from an inflationary period, and thus this is one of the biggest reasons why so many investors are turning to products such as the $20 Saint-Gaudens and $20 Lady Liberty coins.
Today, spot prices are seeing more losses, yet they are limited due to lingering safe haven demand. The metal is currently trading at $923.80 per ounce, down $14.40 or 1.53% for the trading day and still up $9.40 or 1.03% in the last 365 trading days. So far this year, the overall stock market benchmark has fallen 9.5% while gold has increased 5.4%. The question is, does the metal have the potential to outperform all other financial markets by the end of the year?
Arthur McGuire
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market