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GOLD Breaks Record High!

10/06/2009 06:49:00 AM, Posted by APMEX, 5 Comments

MARKET ALERT! MARKET ALERT!

In overnight trading Gold reached an 18 month high and, as we write this, it has broken NEW HIGH GROUND and is currently at $1,036.30! That price broke through the previous all-time high of $1,033.90 achieved on March 17, 2008.

What is causing this recent price rise and will it be sustained? There is incredible pressure on the US Dollar to no longer be the currency of choice for trading oil. According to a report released by “The Independent,” a British news organization, “Gulf Arab (states) are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, and GOLD…”

This unparalleled pressure on the US Dollar has created a buying frenzy for Gold. Whenever times of economic uncertainty are upon us, smart investors flock to GOLD! This news is everywhere in mainstream financial media morning headlines:

“Gold May Advance for Second Day as Weaker Dollar Stokes Demand” – Bloomberg.com
“Potential End of Dollar-Based Oil Deals Helps Gold Shine” – MarketWatch.com

Many analysts are predicting new record highs for Gold! NOW is the time to buy Gold before the market pressures raise it into uncharted levels!

If you were planning on adding gold to your investment portfolio, now may be the perfect time to do so before the “herd” reads this news and the stampede to buy gold, at much higher prices, will be upon us.

At APMEX, our supply is limited so buy your GOLD now while we still have some in stock!



Never miss another milestone or record high - Set Up Your Market Alerts for Gold Now!

5 Comments

Anonymous @ October 6, 2009 at 7:09 AM

It is long overdue.....

Fred F. @ October 6, 2009 at 7:49 AM

I set up a market alert to let me know when gold hit a new high price and I got it this morning! I went in and bought some Gold Eagles at $10 under where they are now! You guys are awesome!

constant gina @ October 6, 2009 at 9:10 AM

This is our future in the U.S. until our leadership puts the future of the dollar over the political careers.

BRid @ October 6, 2009 at 11:40 AM

I'm tired of the bought-and-paid-for media ignoring this warning sign of a failing economy.

Two words: Weimar Republic.

Anonymous @ October 7, 2009 at 7:14 PM

Can you say Zimbabwe????????