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Posts Tagged ‘Precious Metals Market’

Precious Metals Market

Monday, March 1st, 2010

Precious metals prices turned in quite impressive performances last year, with silver gaining 36% and gold up 24%. Although silver and platinum are both far behind their historical highs, gold surpassed its’ record 2008 high of $1033 per ounce in mid-December of last year, going as high as $1226 before falling due to the weakening of overseas currencies and some profit taking.

Gold went as low as $1062 last month, and over the last few days gold has been evasive about which side of $1100 it can gain the most support. Gold is still on most economists’ “watch-lists” right now because the majority of mainstream projections place gold between $1350 and $1600 by the end of the year, which would be a demonstrative shattering of the current $1226 record.

The dollar is expected to lose 9-14% of its’ value this year, and the inverse relationship that many commodities have with the dollar applies to gold as well. Precious metals like gold and silver also benefit from a declining US dollar, although it doesn’t appear likely that silver or platinum could surpass their respective historic highs in 2010.

Platinum climbed to over $2200 in 2008, before the automotive industry took a dive and eliminated the need for many platinum-infused carburetors. Abundance of production silver, and profit taking have repressed silver prices as of late, and these two identical looking white metals are presently valued at $1509 and $16.18 per ounce, respectively.

While recent forecasts confirm prior predictions of higher prices across the board for gold, silver, and platinum, it looks like record-breaking precious metals prices could be limited to gold in 2010, as silver is $40 below its’ historical high, and platinum is over $600 beneath its’ record-high mark. If you wish to buy or sell precious metals, or if you simply need more information on a particular topic, our customer service experts will be glad to assist you.

Franklin Gold

Precious Metals Market

Tuesday, February 16th, 2010

The precious metals market consists of five main precious metals that investors ally themselves with: gold, silver, platinum, rhodium, and palladium. Most of us are familiar with the first two, and maybe platinum as well, but could rhodium and palladium actually outperform the other metals during the current cycle?

While some technical trading indicators say yes, the fact that most investors know nothing about rhodium and palladium does not bode well for the future prices of these two metals. Additionally, the inverse relationship that gold has historically maintained with the US dollar is not always present with rhodium and palladium. These two metals gain most of their value from industrial use, and the sad fact is that most industries in the US and abroad are fighting to stay afloat.

Platinum has exceeded analysts’ expectations recently, though a quick look at a historical platinum chart shows that this white metal has a tendency to swing high and low radically, with little to no forewarning or obvious cause. If you are investing for safety, surely this isn’t what you want. If you are speculating, you may consider vesting funds in platinum, although the downside potential is rather large at the current time.

That brings us to gold and silver. Silver recently pulled back from over $17 per ounce to less than $15.50, so some economists believe that the “poor man’s gold” is due for a rise. Many market experts polled said that a 70/30 split between gold and silver historically works best, although you need to consider your own investment goals before adopting this philosophy. Gold’s exclusive inverse ties to the US dollar and its’ high investment demand make it the most attractive precious metal to invest in right now, even though jewelry demand is down and gold’s use in appliances has faltered. The precious metals market is constantly evolving, so visit often to keep up with all of the aforementioned metals.

Franklin Gold

Precious Metals Market Forecast

Wednesday, January 20th, 2010

Even the most reputable and trusted precious metals market forecast can be skewed by false rumors and/or conjecture, so investors are urged to conduct their own precious metals research, and to draw their own conclusions. Most people poke their heads outside before getting dressed every morning, regardless of what the weatherman says, and investors are strongly urged to view a precious metals market forecast with much the same scrutiny. Although forecasts are a useful tool in weighing precious metals investment options, there are other useful indicators to consider, like U.S. dollar values. This value historically moves oppositely to gold prices, so prospective investors ultimately must decide if they believe that dollar values will rise, or continue to struggle.

The current economic trends are maintaining a generally optimistic precious metals market forecast, as growing numbers of investors are converting their portfolios into rare coin, and bullion investments. A great many long-term investors are protecting their wealth through rare coin purchases in Double Eagles, and diversifying these costly holdings with much more affordable bullion. $20 Lady Liberty, and $20 Saint Gaudens, 22-karat gold coins are also known as Double Eagles, and are among the most widely sought precious metals items for long-term financial protection.

Modern American Eagle, 22-karat bullion coins are commonly used to diversify long-term holdings like Double Eagles, because their prices hover just above the current gold spot price, and because they contain exactly one troy-ounce of pure gold.

Investors can avoid paying outrageous retail prices for their American Eagle bullion, and Double Eagle rare gold coin by contacting one of our friendly specialists, who offer institutional discounts on these, and many other gold coins to household investors like you.

John Burke

Precious Metals Market

Tuesday, December 22nd, 2009

Entry-level gold prices are looking especially beneficial in the precious metals market today, as the spot price plummeted to below $1100 per troy-ounce levels for the first time since Nov. 6th. Experts largely attribute the spot price’s notable decline to holiday profit taking, although some pie in the sky individuals choose to believe that we are experiencing a miraculous, economic holiday recovery. Regardless of the reason, the precious metals market certainly does warrant some serious consideration and research. Minimal research will reveal that bullion items like 22-karat American Eagle’s prices hover slightly above the current gold spot price (which represents the cost of one troy-ounce of pure gold), while rare coin prices are considerably higher.

Rare coins like Double Eagles are among today’s most widely sought long-term investments for financial safety, because their numismatic value is historically proven to appreciate dramatically during long-term economic slumps. Double Eagles are $20 Lady Liberty, and $20 Saint Gaudens, 22-karat rare gold coins. They contain nearly a full troy-ounce of pure gold, but it is far more important for investors to certify the numismatic value of their long-term rare coin investments. It is advisable for investors to trust only the PCGS (Professional Coin Grading Service), or the NGC (Numismatic Guaranty Corporation) for their rare coin numismatic certification, as more obscure certification companies may not fetch the best resale prices when the time comes to liquidate. Investors are encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on American Eagle bullion, and Double Eagle rare coin, to household investors like you.

John Burke