July 14, 2009 – Gold bullion prices are extending their gains today as speculation begins to arise about the long-term inflation that could be unavoidable after our massive stimulus and bank bailout packages that have put the United States economy more than $12 trillion in debt. The spot price of gold is fluctuating at around $923.40 per ounce, increasing $2.80 for the day.
Safe haven investors continue flocking to the gold market today because the recent price declines have sparked a discount gold bullion buying spree as wise investors from around the nation are slowly but surely beginning to take advantage of the market yet again. Many investors and even a few market analysts are saying that today’s discount gold bullion prices could be an excellent bargain hunting opportunity, especially since short-term projections are bullish, with several of them forecasting that the metal could climb to $950 per ounce by the end of the month. In other news, inflationary pressures in the United States are in the spotlight once again as the Producer Price Index showed a 1.8% increase in pricing, further proving that our excessive overprinting of dollars has only caused long-term financial problems. To make matters even worse, if the Federal Reserve increases interest rates by the end of the year, we could see a high inflationary economy by as early as February of 2010. Fortunately, wise investors who take advantage of discount gold bullion prices may benefit if precious metals begin to skyrocket as a result of a large-scale flock into safe haven assets.
