Daily Gold Eagle Update

March 26, 2009 -Gold Eagle investing is becoming more popular with global investors as many are beginning to witness firsthand the problems with their economies. Most financial markets at the moment are experiencing heavy fluctuation that is based on a teeter totter of optimistic and pessimistic sentiment due to some investors feeling that economies will recover and others feeling that we will all enter another great depression. In the past few days, global equities have been increasing in value, and this movement has created some pressure on safe haven gold Eagle investing, yet now that further negative economic data has been released, people are starting to feel that stocks might not be the best way to go this year. What many investors don’t understand is the fact that central banks and governments are pumping tons of paper currency into their economies that are not backed by any real asset, such as gold. The long-term effect of this is usually inflation, and in the worst-case scenario, hyperinflation. Fortunately, these two negative economic factors have proven to be positive to gold Eagle investing in the past.

Today the daily market spot price of gold is up to $940.10 per ounce, a spike of .67% for the day which equals an overall increase of .17% since last year. Short-term predictions are saying that the market could trade at around $960 per ounce and then possibly begin climbing into the $1000 per ounce benchmark as safe haven demand accelerates. Happy precious metal investing.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org