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March 18, 2009 – Silver and gold bullion is skyrocketing today in significant percentages due to the latest news coming from the Federal Reserve saying that they have officially committed to buying $300 billion worth of long-term treasuries in order to aid the United States economy in its recovery. This news instantly caused a flock to precious metals as investors are beginning to feel that inflation is almost certainly over the horizon. Before today gold bullion was up 3.7% for the year while the Standard & Poor’s 500 Index was down an impressive 14%. During the early morning trading hours, the metal was trading at around $887 per ounce and has rebounded about $60 in a three-hour period as investors begin to run away from mainstream financial markets and into the historically preservative and profitable precious metal market. This is simply the tip of the iceberg, so investing well in the gold bullion products that are appropriate for you could be the ultimate hedge from further problems to come.

Today, precious metal spot prices started off on a sharp decline and they have dramatically rebounded with the gold spot price that is currently up to $945.80 per ounce while the silver spot price is at $12.84 per ounce. Nobody expected the movement that we saw today, and this goes to show that sudden fluctuation could be very beneficial for precious metal investors. This is a crucial time to diversify our assets appropriately in order for us to thrive during the future that lies ahead.

Shannon King

Senior Staff Writer – GoldSilver.org

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