Some news to file under "no surprise there" today; this is still a great time to buy precious metal coins.
Gold is staying strong in the mid nine hundreds range, and still climbing, silver remains around fourteen to fifteen dollars an ounce, platinum is still in the neighbourhood of twelve hundred dollars an ounce, while palladium stays around two hundred twenty dollars an ounce.
The shortage of 22 karat gold blanks at the US Mint continues, but they do plan to resume sales of the 2009 ultra high relief gold Eagles within a month or so. If you haven’t yet, you may want to take this shortage as an opportunity to begin investing in whatever metals you don’t already hold.
While most coin investors go straight for gold, they’re not the only investment grade coin available. When you buy precious metal coins in various metals, you simply provide yourself with more options, so when platinum ...
Precious Metals Prices Dip, Rebound On Heavy Trading
May 9, 2013 - Precious metals prices fell significantly on Tuesday morning but followed that dismal performance up on Wednesday with substantial gains. It was approximately 8am on Tuesday when gold started its descent from $1465 to about $1440 per ounce. At the same time, silver fell 1.3 percent to the sub-$24 mark, and the platinum spot price fell by almost 1 percent as well.
Wednesday morning, however, was a different story. Gold spiked over $20 and was sitting just below the $1475 mark by Wednesday afternoon. Silver was up on a weak U.S. Dollar but large-volume selling kept the white metal flat. Platinum put on quite a show, coming out of the gates with a $26 gain on Wednesday.
Analysts believe that the two large fluctuations, in different directions, of gold caused by a combination of heavy selling by institutional ...



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