You can obtain buy gold prices at a number of websites, newspapers, and news shows that report the gold spot price, although the best way to get live gold prices is to visit sites like ours that have a roving spot price ticker with the constantly changing COMEX values. Buy gold prices have fluctuated heavily throughout the last month of 2009, reaching a peak of $1226 (which remains as the gold spot price’s historical record high for now) and a low of $1079. The gold spot price at 1pm EST was $1097.80, which represents a gain of $4.70 for the last trading session of the year for US investors.
After rallying to $1226 per ounce weeks ago, profit-taking and a stronger US dollar have repressed gold’s value. Many projections call for gold prices of $1300-$1500 in 2010, because the rampant printing of currency that has been pored into our floundering real estate and stock markets could sett off a powder-keg of inflation for our greenback. Our national debt has grown tremendously in recent years, and this has caused the international community to shun dollar-backed assets in favor of other currencies and commodities, and gold is encompassed within both of these categories.
If you would like to make a profit with gold, understand that there are no guarantees in life and certainly none in the gold market. Gold tends to rise with inflation and when there is higher demand for privately-held, safe-haven assets, so if you are looking for a physical back-up plan for your financial independence then gold may be right for you. You could make a profit in the gold market, especially with buy gold prices under $1100 per ounce at the moment. Give us a call or check out our award-winning gold investment tutorials below to learn more.
Steven Martin
Senior Gold Specialist - Buy-Gold.org
