Daily Gold Silver Update

January 14, 2009 – Today we see some good news for gold and silver bullion investors, with small jumps in both metals, a welcome change from the lows we experienced at times in November and December of 2008. Those lows were, of course, attributed to the then-rising strength of the Dollar. Two months ago, of course, nobody was ready to predict a comeback for the American Dollar, and they were right to withhold their predictions, as early 2009 has, thus far, proven that the USD is standing on just as shaky ground as it was last year.

Gold is currently trading at around $825.10 per ounce, an increase of $5.20 for the trading day and an increase of $3.10 in the last 30 trading days. Silver on the other hand is trading at around $10.67, a five-cent increase from yesterday’s prices. Both gold and silver bullion look to be headed in the right track as the economy continues to worsen.

With any luck, 2009 won’t be quite as rocky as the last several years have been with regards to the economy, but nobody’s holding their breath just yet. Even with new leadership, we still have quite a bit to overcome. The housing market is still a mess, nobody even wants to talk about the stock market, and the American Dollar’s buying power is still at an all time low. In fact, the National Debt has been reported to weigh in at about thirty five thousand dollars for every American man, woman and child.

In light of all this, gold and silver bullion investors, at the very least, have a contingency plan if the economy gets much worse than it is now. Until tomorrow, have a great day!

Arthur McGuire

Senior Staff Writer – Certified Gold Exchange

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