Posted by Adam King on March 31, 2009
March 31, 2009 – Several certified rare coin values along with the gold bullion bars price are increasing today as a weaker United States Dollar is boosting the demand for precious metals as the ultimate alternative investment during the worst recessionary cycle seen since the Great Depression. Investors around the nation are continuing to seek physical possession bars and coins to act as a store of value and a hedge from inflation that is imminent with our massive fiat currency printing. The gold bullion bars price is set to finish the quarter on a 4.1% gain, the best quarter seen in a year. Market analysts are saying that further fluctuation with gold will occur as a result of movement in equity markets and the United States Dollar along with any decisions made in the G20 meeting that will be held in London on April 2. The overall demand for the metal is increasing far past the supply, which could mean significantly higher prices in the near future.
Today the gold bullion bars price is showing signs of small upward movement, and it currently sits at $918.20 per ounce, up $2.40 or .26% for the trading day but still down $21.40 or 2.28% in the last 30 trading days. The recently lower spot price has signalled a purchasing opportunity by bargain hunters, so there is a possibility that prices could reach their projected $965 per ounce by the end of the week. Happy investing and don’t forget to diversify your assets into precious metals before it’s too late.
Senior Staff Writer – Certified Gold Exchange
US Gold Market