Daily Precious Metal Update

May 27, 2009 - Bullion bars are highly recommended to investors who desire investing in precious metals that could obtain them short-term profit potential, yet investors who seek long-term wealth preservation potential may be better off diversifying into investment-grade certified rare coins. As far as short-term investments are concerned, bullion bars have dominated the market because they are relatively inexpensive when compared to bullion coins or certified rare coins. Bars hold the lowest premium above the daily market spot price of their respective metal, making it easier for you to enter and exit the market without much hassle. There are many reputable companies around the world that produce bullion bars, but my favorite are the more widely known companies such as Johnson Matthey, Credit Suisse and Pamp Suisse. Always remember that it is highly recommended that you deal with an expert in the market before making any type of precious metal diversification in order to find out exactly what could benefit your investment portfolio.

By around 3:15 PM Eastern Standard Time, it appears like the prices on the majority of bullion products are headed in mingled directions based on investor uncertainty with investing markets at the moment. The current gold spot price sits at around $952.10 per ounce, remaining flat for the trading day while the current silver spot price sits at around $14.82 per ounce, moving up $.21 for the trading day and the platinum spot price sits at around $1129 per ounce, moving down four dollars for the trading day.

Daily Updates Archive

Danny Burns

Senior Staff Writer – Precious-Metal.org