Investors who buy gold bullion could be making a wise decision, but that is more dependent on the individual’s goals than the bullion product itself. The latest jobs and housing data indicate that our economy may be ready to dip again, and the disheartening part is that this disappointing data is pouring in during the holiday retail season. Many investors, possibly including you, have expressed anxiety over their portfolios’ largely dismal performance throughout the last three years.
If you look at our financial markets compared to last year’s same-time levels, things look great. Our government’s stimulus funds have boosted US stock indexes and increased consumer confidence, although our markets are still far below 2005 levels. The Dow Jones Industrial Average (DJIA) and the NASDAQ indexes have increased, even though many of the companies within these indexes have suffered.
Many US investors have decided to buy gold bullion to combat the harsh effects that our current recession has reaped on the average portfolio. Stronger safe-haven demand and the falling dollar elevated the gold spot price to record-high of $1227 earlier this month, although profit-taking by short-term investors has repressed the gold rally lately The price you pay to buy gold bullion correlates with the active gold spot price, and most gold bullion dealers charge a markup of 2-8% for gold bullion products. Your cost for gold bullion will vary de[pending on the type of product, your purchase volume, and whether or not you choose a reputable gold exchange with an A+, Zero Complaint rating. If you want to learn more about the gold bullion market, feel free to register below for a copy of the 2010 Insider’s Guide on How to Buy Gold Bullion.
Steven Martin
Senior Gold Specialist - Buy-Gold.org
