PreciousMetalInvesting
Posted by Adam King on April 03, 2009
Stocks VS Gold
April 3, 2009 – Many wise investors around the country are beginning to compare stocks versus gold, and although equities are increasing this week based on the current cloud of optimism for the United States, long-term precious metal investment demand is increasing. Yesterday, the G20 Summit meeting in London resulted in a decision that $1 trillion in emergency aid should be spent on fixing global economies. These policymakers are calling for stricter limits on hedge funds, executive pay and of course risk-taking by banks and financial institutions. More and more fiat currency is being pumped into our economies, and what several investors and American citizens do not know is the fact that a high inflationary period could loom right around the corner for us as a result of this overprinting. Fortunately, wise investors can take advantage of this financial crisis by beginning precious metal investing in safe haven assets that historically thrive during these times.
The gold spot price is falling today, yet the overall drop is very minor compared to losses seen in other financial markets, and the metal is currently trading at $898.50 per ounce, down $5.50 or .61% for the trading day and also down $7.50 or .83% in the last 30 trading days. Short-term projections are expecting precious metal investing to continue increasing in popularity throughout the year and there is also a possibility that the gold spot price could rebound next week due to speculation that rising prices are a sign that inflation is already here to begin its rampage. Happy investing.
Arthur McGuire
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market
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