Gold bars and coins are showing small increases in value today as uncertainty lingers about the overall state of the United States economy and a tug-of-war seems to be arising between investors who feel that the economy will recover and investors who feel that we still need to undergo a high inflationary period before the financial crisis ends. There is even some speculation saying that inflation may grow to such dangerous levels that the United States Dollar could collapse, thus wise investors are protecting themselves from this possibility by diversifying their hard-earned wealth into gold bars and coins along with investment grade certified rare coins. The metal has already increased 9.4% this year based on soaring safe haven demand for both physical possession bars and coins and exchange-traded funds. Market analysts are expecting physical possession demand to continue increasing in the next few months if either inflationary or deflationary pressures become more apparent during this financial crisis. It is very important that you keep a close eye on financial market developments along with the overall strength of the United States Dollar Index because they are vital factors that may help you maximize your investment potential in precious metals.
By around 11:30 AM Eastern Standard Time, the majority of gold bars and coins are increasing in value as the spot price of the metal makes a small rebound that was anticipated by many market analysts last week, currently sitting at around $956.50 per ounce, jumping up $4.40 or .46% for the day and also jumping up $50.30 or 5.55% in the last 30 days.
John Halloran
Senior Gold Specialist – Buy-Gold.org
