Daily Gold Eagle Update

February 11, 2009 – The price of gold Eagles are soaring today as a result of the increased demand for all precious metals as safe haven investments during the darker times that can soon come with the passing of our $838 billion stimulus plan. Americans nationwide are hoping that the stimulus plan is actually put to good use and succeeds at doing what it is supposed to do because if not then it will simply be another trillion dollars added onto our national debt, which will in turn make our hard-earned dollars become devalued by the day. Investors are flocking to safety right now as crude oil and equities continue to plummet along with the United States Dollar, which is an obvious sign for the price of gold Eagles to increase adversely. These are certainly some difficult times for many people, except of course those who are properly diversified in precious metals. 2009 could prove to be a good year for the price of gold Eagles and not so good for any other investment that are tied to the United States Dollar. Only time will tell.

Today we’re seeing the gold spot price climb to around $943.30 per ounce; this is a $20.00 increase for the day and an $89.70 increase for the month. By looking at the upward direction that gold is heading in right now we can see that it is not impossible for the metal to reach its record high by next week. It has already been projected time and time again that $1500 per ounce could be a possibility by the end of the year, so why not start early by surpassing the record high now? I wish you the best luck when investing.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Eagle.org