Thursday, March 25, 2010

Price dips can offer gold buying opportunity

Now may be a good time to talk to silver and gold dealers about the buying opportunities that may currently exist for precious metal investments.

According to a recent ABC News report, gold prices hit a point below $1,100 per ounce for the first time in about a month. The decline was seen as reflecting investor anxiety about sovereign debt concerns facing Greece.

The news network added that other commodities were showing mixed results and that many investors are now seeking out safe haven investments amid uncertainty about what will happen will Greece. So far, there has been speculation that a bailout package will be forthcoming, either from the International Monetary Fund or from the European Union.

Still, this is just one of many serious economic question marks facing investors for the foreseeable future. Other countries are facing their own problems with debts and deficits, and some economists have warned that the current economic recovery could turn out to be more of a double dip recession.

With this in mind, dealer gold is a traditional safe haven investment that has long benefited investors during times of economic uncertainty.