February 23, 2009 – Gold bullion bars and coins are becoming a hot commodity to own during the current financial crisis and with the large potential available in the market at the moment, this could be one of the ideal times to own as many gold products as possible. Over the weekend we saw the usual short-term selling which brought the market to open up in the negatives but surely started to increase as the safe haven buying began once again. There’s a lot of mixed feeling about the future of gold bullion bars and coins and many are saying that it has been over-purchased in the last few weeks due to excessive fear about hyperinflation. What many people don’t understand is that many of these negative economic factors could become a reality especially since we’re seeing almost every single investment market at the moment being hammered by the panic that global investors and consumers are feeling.
Today during the midday trading hours, gold bullion bars and coins are increasing once again with the spot price that is currently at $993.30 per ounce, up $.10 or .01% for the trading day and also up $95 or 10.58% in the last 30 trading days. Projections for the metal continue looking more bullish than ever as market analysts around the nation are prepared to see the record high become surpassed within the next few weeks as they look at the average of $1075 per ounce that has been estimated to be seen by around midyear. I wish you the best of luck when investing in precious metals.
