Daily Gold Eagle Update

June 18, 2009 – Gold bullion Eagles are showing minor increases in value today while the United States Dollar tumbles and major stock indexes along with oil prices make a small comeback. It appears that investors are purchasing gold bullion Eagles as a hedge from a weakening economy, especially since the latest Consumer Price Index and Producer Price Index have shown lower than expected, but still growing inflation. Despite this economic data, several market analysts believe that we are not facing a serious inflationary period at the moment, and instead they believe that we are facing a deflationary period that could turn into a long-term inflationary cycle once interest rates are increased. The last time that the United States experienced a similar market was during 1978 through 1980 when interest rates hikes caused masses of investors to flock into gold in order to potentially hedge their wealth, thus the spot price increased exponentially, more than 850% in just two years. If you feel that you could protect your hard earned wealth with one of history’s most preservative investments, don’t hesitate to learn more about the market and explore your options by using the resources available on this website.

By around 2:35 PM Eastern Standard Time, the majority of gold bullion Eagles are increasing in value slightly, and it has been forecasted that significant momentum into the metal could begin by the end of the week if instability with the dollar continues. The current spot price sits at $936.80 per ounce, moving up .11% for the trading day and also moving up 6.20% in the last 365 trading days.

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org