Posted by Adam King on May 14, 2009
Next Stop: Inflationary Road
May 14, 2009 – Inflation is becoming more apparent in the United States economy as the dollar continues its contractions and economic data is arriving much worse than expected, and fortunately precious metal investors are benefiting from increasing spot prices that have pushed up the values of popular gold products like the American Eagles and Liberty gold coins. Unemployment levels are reaching frightening highs similar to those that were achieved right before the beginning of the first Great Depression. Market analysts are saying that the recent negative economic data is a reality check that may awaken American citizens into the fact that the financial crisis is far from over. It’s quite unfortunate that masses of investors aren’t taking into consideration the damage that could be caused by inflation down the road as a result of our massive debt and unstoppable overprinting of dollars. Wise investors around the nation are beginning to expand their investment boundaries by purchasing physical possession precious metals like the Liberty gold coins that have proven their preservation and profit potential over decades.
By around 1:40 PM Eastern Standard Time, modern-day bullion like the Canadian Maple Leaf coins and certified rare metals like the Liberty gold coins are extending their gains as the gold spot price continues heading in the upward direction, currently trading at $927.10 per ounce, up $1 or .11% for the trading day and also up $37.80 or 4.25% in the last 30 trading days. Short-term market forecasts are saying that we may see $940-$950 per ounce within the next 10 days.
Senior Staff Writer – Certified Gold Exchange
US Gold Market