Lately I have been researching the most recent 2009 Gold Price projections and I found a variety of mixed predictions, but in the end, they almost all seemed to be bullish about the future of gold as an investment. As the global economy continues to worsen, investors could flock to precious metal investing, which in return could cause significant increases in the spot price. Below are the 2009 gold price projections from some of the biggest names in investing:
Certified Gold Exchange = $1,049
Merryl Lynch = $1,500
Dallas Commodity Co. = $1,200
MF Global = $1,200
GoldMoney = $1,150
Gold & Silver Inv. Adrian Day’s Asset = $1,025
Management = $990
Standard Chartered = $985
HanMag Futures Corp = $950
Midas Management = $950
Bullion Desk = $921
Heraeus = $910
Religare Commodities = $910
NH Investment & Futures = $900
R.W Wentworth & Co. = $900
Samsung Futures = $840
Korea Exchange Bank = $825
Barclays = $820
JPMorgan = $800
Kitco = $810
Finotec = $780
2009 Forecast: (Median) = $910
2008 Average = $872.25
As you can see, it is predicted that 2009 will be a powerful year for gold investing, so let’s take it day by day and see where prices turn up. In the end, no matter what happens to the economy, gold investors can rest at ease knowing that they have something that historically profits and preserves wealth during difficult times. Have a beautiful weekend and tune in to next weeks blogs!
