Posted by Adam King on July 14, 2009
Economic Recovery Or End Of The Line?
July 14, 2009 – Interesting speculation is arising today about the future of the global financial crisis, thus we are seeing everything from major stock indexes to the United States Dollar and gold bullion to certified rarities increasing in value as a new tug-of-war begins between investors. According to several major banks and financial institutions, we are now seeing early signs of a global economic recovery that is being signalled by higher corporate earnings and emerging markets in various sectors of the world. On the other hand, skeptical market analysts and investors are saying that a global economic recovery is only a blindfold that could temporarily cover the weakness in our financial system. According to them, unemployment will continue to increase above and beyond 10% nationwide while inflation in the United States could soar after the Federal Reserve decides to increase interest rates. We saw a very similar economic scenario in the late 1970’s during a high inflationary cycle when the Federal Reserve increased interest rates and masses of Americans flocked to gold as their ultimate safe haven. The spot price of the metal increased more than 800% during these two years. Fortunately, wise American investors could protect their hard-earned wealth by purchasing gold bullion and certified rarities as their shelter from the storm that lies ahead.
During the midday trading hours, the gold spot price continues to climb side-by-side with major investing markets, thus we’re seeing a small price boost for certified rarities on both PCGS and NGC Price Guides. Currently, the metal is trading at $925.80 per ounce, increasing $5 or .54% for the day.
Senior Staff Writer – Certified Gold Exchange
US Gold Market