Gold Prices to Remain High
The price of gold jumped about $30 per ounce today, Monday, September 29, 2008. This brings the price of gold to around $900 an ounce. With recent economic developments, gold is the last safe haven for investment. Demand is skyrocketing and experts predict the price will remain in the $900-$1,000 range for the rest of the year. Some even say we can see all time highs by the end of the year.
The good news is that you can sell your old gold and jewelry now and make some very good cash for very little work. The economy is still uncertain, and it looks like it won’t get any better soon. But nobody knows if it will get a little worse, or a lot worse. The worse the dollar gets, the higher the price of gold will go.
The bailout plan did not pass, which means in the long run the dollar should remain fairly consistent with what it is today for the time being. We’d love to see the price of gold go as high as possible, but not at the expense of a complete dollar collapse.
Posted in Gold Price News