February 9, 2009 – Gold and silver bar investing is becoming more popular with long-term investors as well as short-term investors who have enjoyed a sell-off today in order to make some decent profit from their hard-earned wealth. The rising inflation and financial instability in our current economy is driving many investment corporations as well as wise investors to purchase precious metals in order to reap the rewards that could be achieved with gold and silver bar investing. Tomorrow will be a very important day for the United States economy and will probably go down in history books as the pivotal point of the United States economy. The future of President Obama’s $819 billion stimulus plan will be decided by the United States Senate along with an additional $50 billion bank bailout plan. Things could turn out either way for us right now, which is why the upcoming instability and inflation that could occur from either the acceptance or rejection of these plans should be taken into consideration when making an investment. So far, gold and silver bar investing have proven their worth during these difficult times, but let’s see what the future has in store for them.
Today the spot price of gold falls to around $894.90 per ounce, a 1.81% decrease in value for the trading day and also a 6.28% increase in value for the month. The Swiss corporation UBS as well as the United States bank Goldman Sachs have officially raised their 2009 predictions for gold from $700 from to $1000 per ounce. Being bullish about this market at the moment is not a bad idea. I wish you the best luck when investing.
Senior Staff Writer – GoldSilver.org