March 30, 2009 - Certified gold values are expected to push up even higher this week after last week’s declines drew many wise investors to purchase precious metals in order to take advantage of the bargain-hunting opportunity. Governments around the world continue to hope for the best, and many are preparing for the worst by simply admitting that several of the corporations will fail during this recessionary cycle. For example, the United States Government has announced that massive automaking companies such as General Motors and Chrysler could face bankruptcy as their only option for salvation. Who would have thought that two of the biggest names in the auto industry could face failure as a result of the worst financial crisis since the Great Depression? This is predicted to only be the beginning, and much worse things could lie ahead for people and companies that are not truly prepared for the worst. Fortunately, a certified gold investment could assist wise Americans who want to preserve their wealth with an asset that historically thrives during these times.
The gold spot price looks like it could see some solid increases throughout this week, and so far it is up to $925.30 per ounce, an increase of $2.20 for the day but a decrease of $14.30 for the month. The metal has resumed trading in an inverse direction to the United States Dollar, so it’s important that investors looking to maximize their investment potential track these fiat values in order to realize the best times to enter and exit the market. Happy investing.
