How To Get Into Gold On The Cheap

August 17, 2009 | By | Reply More

Gold IngotGold fell from $958.95 in London on Friday to $942 at midday in New York before regaining a little ground. The Fall continued in Asian trading on Monday and by the mid morning session in London the price had dropped down to $937 an ounce.

All this negative activity seems as usual based on a fall in the price of oil and a strengthening of the US dollar.

However another factor is coming into play, simply that the perception that the worst of the recession is over is encouraging investors not averse to a little risk therapy to get back into stocks despite a less than encouraging performance by the weeks end.

Couple this with fears of eventual run away inflation taking second place to the immediate prospect of deflation may keep gold from progressing upwards to the $1000 an ounce milestone for the immediate future.

As we move into the later months of the year with the vacations behind us and volumes increasing we expect to see gold move out of the summer doldrums and push on upwards. Our conclusion is that we are now presented with another opportunity to get into gold on the cheap.

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Category: How To Buy Gold

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