January 23, 2009 – Gold Maple leafs along with all precious metals are seeing some significant increases in value today as the news about the global economy continues to look worse and investors are flocking to precious metals with hopes of hedging their assets during these difficult times. We’re seeing some really dramatic gains today and analysts are saying that it’s really based on large amounts of fear that investors have right now with mainstream investments like stocks and bonds. It’s been predicted that this year will be very bullish for gold Maple leafs along with other precious metals because the economy doesn’t look like it will get better in the short term even if President Barack Obama’s $825 billion stimulus plan actually works. They’re saying that for the plan to take effect, it may take several months and by that time the economy could be in such a bad state that most other investments besides precious metals and gold Maple leafs would be very weak, thus signalling a weaker economy.

By midday trading gold has soared to significantly higher levels and is currently trading in the area of $893.70 per ounce, a 4.36% increase for the trading day and the 5.51% increase in the last 30 trading days. 2009 predictions continue to look very bullish and with investors saying that we could easily see $1500 per ounce by the end of the year, doesn’t it make sense to get involved in a good thing? Invest well and have an excellent day.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer - Certified Gold Exchange