February 13, 2009 – Today’s small decline in spot price make it an excellent time to price check gold bullion as well as any other precious metal investment that you are interested in owning because many market analysts believe that the market could see a 50% increase in pricing by the end of the year. Whenever deciding to price check gold bullion it’s important that you understand all of the external economic factors that can affect the spot price as well as the bar or coin premium and exchange rate. All of these put together can seriously affect the price that you pay when deciding to make an investment and properly timing the market has the potential of giving an investor significant gains as well as impressive wealth preservation. Reputable companies like the Certified Gold Exchange have a history of allowing their investors to price check gold bullion as well as track the buy and sell spreads in order to achieve the goals that they require.
Today we’re seeing the gold spot price climbing during the early hours to nearly $950 per ounce and then falling back down to $939.50 per ounce, down $7.70 or .81% for the trading day but still up $34.80 or 3.85% in the last 365 trading days. Since the beginning of last month, we’ve seen bullish projections across the board from the most reputable market analysts, and the average projection is saying that $1200-$1300 per ounce is a high possibility with the economy as weak as it is right now. I wish you the best luck when investing in precious metals.
