Daily Gold Eagle Update

February 25, 2009 – The ongoing problems with the global economy are driving investors away from the traditional paper-backed investments like stocks and into more safe haven investments such as gold bullion Eagles. Precious metals are running adversely to stocks today and gold in particular is benefiting from the latest comments from the Standard And Poor’s saying that they expect to see more sovereign rating downgrades than upgrades during 2009. There has been an overall decreased confidence with equities and the United States Dollar, which is why so many wise investors have decided to contact companies such as the Certified Gold Exchange in order to purchase gold bullion Eagles at a wholesale price. Now may be a good time to properly diversify our assets in order to be better prepared for problems that could occur with the global economy.

Today the precious metals market is experiencing a rally back into safe haven investments like gold bullion Eagles, and thus the spot price of the metal has increased to $973.50 per ounce and rising with the potential of surpassing the all-time record high of $1033 per ounce by next week. The latest projections for the metal has said that if the United States recession turns into a full-blown depression that prices could see $1500 per ounce by the end of the year and even $2000 per ounce by 2010. I wish you the best of luck when investing in precious metals and remember to diversify well while you can.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Eagle.org