Daily Gold Eagle Update

April 28, 2009 – Gold Eagle investing could be an ideal way to preserve long-term spending power during this financial crisis, and many wise investors have decided to make the switch from mainstream investments into precious metals since they saw significant spikes in value that started in 2001. Today, there are a few important external factors that are weighing down on gold Eagle investing, such as significantly lower crude oil prices that are a direct result of this swine flu pandemic scare. Travel authorities around the world have recommended limited traveling into the United States and Mexico because an outbreak may occur within the next few weeks, and this is causing stockpiles of crude oil around the world as the demand diminishes. It’s odd to see that many global investors are currently diversify into the United States Dollar as opposed to precious metals that may preserve value better than fiat currencies during this inflationary cycle. All we can really do is keep a close eye on the latest health developments in order to find out whether or not this outbreak could turn into a pandemic.

By around the midday trading hours, the overall demand for gold Eagle investing is continuing to diminish as the United States Dollar strengthens, and the spot price of gold is at around $889.80 per ounce, moving down 1.81% for the day and also moving down .38% in the last year. Investor sentiment seems to be very careful at the moment, especially since any sudden news could fluctuate financial markets significantly in the near future.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org