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Posts Tagged ‘Precious Metal Market’

Precious Metal Market

Friday, February 26th, 2010

February’s precious metal market has both risen above, and dipped below $1100 per troy-ounce levels, continuing a tradition of volatile February gold prices that has become customary in recent years. After shooting radically to $1226 in mid-December of last year, many reasoned that gold was overbought and began to downplay the value of futures contracts. Still others thought gold spot prices would be around $1050 by the end of February, and some market analysts speculated that silver would fall below $15 per ounce by March 1. Gold, silver, and platinum all struggled during January and into the beginning of February, as profit-taking pulled gold to $1062, silver to $15.50 and platinum to sub-$1500 levels.

Gold has been quietly been climbing the charts over the past two weeks, ultimately reaching $1122 late last week. The market experienced a pullback this week after the Federal Reserve revealed plans to hold interest rates at zero, although most economists believe that Fed Chairman Ben Bernanke will have no choice but to boost interest rates soon, due to the growing threat of inflation.

February’s precious metal market has shown some negative movement in response to the news that the International Monetary Fund (IMF) is looking to gradually unload another 200 tons of gold onto the open market. The last time the IMF did this the gold was already earmarked for India’s central bank, without private investors getting a chance to bid. The way the IMF gold sale plays out should also have a bearing on the precious metal market as a whole, and whether the sale occurs in February, March, or December, you could expect to see volatile silver and platinum prices that same day, as was the case during India’s large buy last year.

Precious metals are traditional hedges against devaluing currency, and our US dollar definitely fits that description. If you want protection from the collapse of the dollar then give our advisors a call to inquire about setting up a hedge for physical delivery, as well as for qualified retirement accounts.

Jonathan Monroe

Precious Metal Market

Wednesday, November 25th, 2009

21st Century technology has jaded multitudes of investors into thinking that the precious metal market is a high-risk, unorthodox, extremist venture, when in fact it is a historically proven, beneficial safe haven market throughout even the worst of economic conditions. It is also true that during stretches of economic prosperity, the precious metal market is rather dormant, and also why gold prices historically tend to rise when our economy is failing. Many of today’s investors are paying a high price of entering the precious metal market, as the gold spot price has repeatedly outdone itself with new all-time record highs. Our economy is presently in such bad condition however, that most people believe that the spot price has far greater heights to reach before economic order is eventually restored.

Long-term wealth preservation is the primary concern for the vast majority of today’s household investors, and Double Eagle coins are among the most coveted long-term precious metal investments. Double Eagle coins are rare, 22-karat, $20 Lady Liberty, and $20 Saint Gaudens gold coins, which contain nearly a full troy-ounce of pure gold (.9675 ounces). Their rare coin status distinguishes them as irretrievable through government confiscation, and their numismatic value has appreciated dramatically throughout past economic recessions. Many of today’s investors are diversifying their Double Eagle holdings with bullion coins like 22-karat American Eagles, so less expensive bullion coins can be liquidated for short-term spot price gains while more valuable Double Eagle coins appreciate. Investors can receive institutional discounts on their American Eagle bullion, and Double Eagle rare coin by contacting one of our friendly specialists, who offer these discounts to household investors like you.

John Burke

Precious Metal Chart

Friday, October 30th, 2009

Without reference to other economic data, a precious metal chart is merely a visual aid that displays the timetable of the gold spot price’s inclines and declines. This information in and of itself may be useful to a fortuneteller, or a forensics expert, but to serious precious metal investors, economic indicators like dollar values, unemployment rates, and inflationary increases are also essential to effectively interpret a precious metal chart.

Historically, during long-term periods of economic recuperation, gold prices tend to rise while dollar values diminish. Years of overprinting by our nations’ Treasury Department have contributed abundantly to our constricting economy, so it makes sense that gold prices are climbing, since gold is what backs the perceived value of all printed, or “fiat” currency in the first place. A rare coin precious metal chart will also show that the numismatic value of rare coins especially appreciates during these turbulent economic periods, and savvy long-term investors capitalize on this trend.

These independent-minded investors ideally purchase rare Double Eagle coins, which are 22-karat, $20 Lady Liberty, and $20 Saint Gaudens gold coins, minted from 1850 to 1907, and from 1907 to 1933, respectively. During the long-term inflationary cycle of the 1970’s, some Double Eagle rare coins appreciated by nearly 1000%, while traditional investments in stocks and bonds endured nearly a decade of desolation. Household investors can avoid paying outrageous retail prices for their Double Eagle rare coins by contacting one of our friendly specialists, who offer institutional discounts on rare coin, and bullion.

John Burke