Gold Bars
Posted by Adam King on August 18, 2009
Economic Recovery Or Economic Collapse?
August 18, 2009 – Gold bars and coins have rebounded today as a result of a weaker United States Dollar Index, and it appears that the teeter-totter between optimism and pessimism continues as some investors believe that an economic recovery is underway while others believe that an economic collapse is underway. Fortunately, no matter what happens within the next few years in our economy, many wise American investors are protecting their hard-earned wealth with gold bars and coins that have truly shined since the turn of the millennium as some of the ultimate safe haven store of wealth assets. According to several market analysts, if we see an economic recovery by the end of the year, it could spark inflation because the United States Federal Reserve would be forced to increase interest rates, thus potentially creating an excellent inflationary environment. It’s very important that we keep a very close eye on the gold spot price along with the United States Dollar Index because their current inverse correlation could be a useful determining factor when looking to depict what could happen down the road.
By 12:30 PM Eastern Standard Time, gold bars and coins are increasing in value as safe haven demand in the United States rises slightly, pushing the spot price to $938 per ounce, increasing $4.80 for the trading day, and also increasing $152 in the last 365 trading days. Short-term projections have forecasted that a stronger stock market could put further pressure on the United States Dollar, thus benefiting gold bars and coins that tend to thrive during problematic times with fiat currencies.
Arthur McGuire
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market
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