Tuesday, September 23, 2008

Cash4Gold Report For Week....

This week’s Cash4Gold Gold Assessment Report found further proof of the solidity of gold as an investment and a commodity.

Gold prices fell on Monday to as low as $862.80, as investors question the U.S. economy and bail-out package that was just approved to rescue the U.S. economy. This, following last weeks gold run that was the largest advance in nine years, and the largest one-day rise for gold in twenty-six years.

Even though the current price has fallen somewhat, economists still expect the metal to gain to $1,000 an ounce, and have suggested that silver will go on a run as well. Because the U.S. is experiencing the worst financial situation since 1920, precious metals and oil will continue to rise. The housing market has not bottomed out yet, and recession is expected through 2010 - as the dollar faces devaluation, and the consumer faces inflation, increasing unemployment and bankruptcies, and a declining stock market. Gold will continue to serve as an asset against inflation.

The Cash4Gold blog is a resource to learn about the Cash4Gold process, and to get regular updates about gold – its price, value, and marketability for sale. Visit www.cash4gold.com for more information!

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