Generally speaking, flat gold prices are those where the spot price barely increases or declines for periods of days, but investors can back up their perspective of the gold spot price to broaden the meaning of “flat gold prices”. For example, those who bought gold early last December (when gold reached it’s still record high of $1226.56) would consider today’s spot price high of $1124.60 to be flat gold prices. For these heavy-handed buyers, any spot price that isn’t within whistling distance of the all-time high is a flat gold price, while others may consider today’s entry prices into the gold market to be an accessible window of opportunity, if not a ground floor elevator key.
Many attribute recent flat gold prices to the U.S. dollar’s ability to stay above 80 on the Index, but the greenback is only perceived to be strengthening against a similarly ailing euro, which is presently inundated with Greece’s economic shortcomings. Problems here in the U.S. are just beginning, and projections for gold in the year 2010 are bullish, as 15 surveyed analysts from Bloomberg (out of 22) projected the gold spot price to reach $1300 per troy-ounce by the year end.
There are also those who profess that physical gold ownership is barbaric, and that economic recovery is already at hand, so investors should always conduct their own research on current economic developments, and draw their own informed decisions. Those who have completed their research are encouraged to contact one of our friendly specialists, who can answer any unanswered questions that you may have on precious metals investing. Discounted prices are also available on bullion, and certified rare gold coin to household investors like you.
Ronald Stevens
