April 16, 2009 – The gold bullion spot price is moving back down today based on short-term deflationary worries along with speculation that the United States recession may end the sooner than expected, yet the light at the end of the tunnel is a lot further away than we would like to believe. United States stock markets are beginning to rebound slightly after the corporate earnings report from both J.P. Morgan And Chase showed better-than-expected earnings, and several market analysts including those from Bloomberg.com believe that this short-term optimism is a direct result of our recently executed stimulus and bank bailout packages that were created in order to build a cloud of confidence. Although it’s always good to be confident, it appears that this cloud is like a blindfold amongst investors that doesn’t let them witness the true dangers of this financial crisis. Fortunately, those wise investors who want to protect themselves from darker days ahead can track the gold bullion spot price and begin an investment in what has been considered the “buy of the generation.”
By around 1 PM Eastern Standard Time, the gold bullion spot price is currently at around $878 per ounce, a decrease of 1.41% for the trading day and also a decrease of 4.03% in the last 30 trading days. Don’t let the latest burst of confidence in the United States economy fool you into believing that this recession is over. Instead, make the proper diversification into precious metals in order to preserve hard-earned wealth in the event that a monetary collapse occurs down the road.
