More and more wise investors around the country are making the decision to buy gold bars in order to profit if the spot price spikes again, while at the same time preserving their hard-earned wealth from an inflationary environment that could get worse in the near future. It’s no surprise that the United States economy is getting progressively worse, and the recent actions from the Federal Reserve could cause even more problems down the road if they keep on printing excessive Dollars in order to delay a second Great Depression. The future looks grim for the United States Dollar, which is why making the appropriate investment decision to buy gold bars or coins in order to hedge our wealth could be one of the most important decisions we may make in these current times.
Today the spot price of gold is losing some ground due to the cloud of confidence that has many investors believing that the United States economy will get better in the upcoming months. It currently sits at $929.10 per ounce, down .97% for the trading day and also down 6.39% in the last 30 trading days, yet still up 1.67% in the last 365 trading days. Short-term predictions are saying that the metal could stay in the area $890 to $940 per ounce until more negative economic data becomes released. This being said, the recently lower spot price may be used as an opportunity to buy gold bars and coins before they increase in value yet again.
John Halloran
Senior Trader – Buy-Gold.org
