Daily Precious Metal Update

April 8, 2009 – Bullion coins along with certified investment-grade rare coins are in high demand at the moment as masses of investors are turning away from their failing stocks and bonds and into something a little bit more historically stable such as gold. Wise investors are desperately seeking the profit and preservation potential of physical possession gold bullion coins and practically any other precious metal product that thrives during high inflationary times. This sudden shift from stocks into precious metals is being caused by floundering corporations, and of course the latest comments by George Soros and Marc Faber saying that the equity rebound will not sustain. Sure enough, today we’re seeing stocks plummet while precious metals make small gains that are projected to continue increasing throughout the end of the week and into early next week as safe haven demand continues to skyrocket. This could be the excellent opportunity to take advantage of the precious metals market by purchasing the correct safe haven asset for your investment portfolio.

During the midday trading hours, bullion coins are seeing small gains as the daily market spot price of gold increases to $885.80 per ounce while the silver spot price increases to $12.30 per ounce and the platinum spot price increases to $1176 per ounce. Gold and silver in particular may continue increasing in the near future, and the latest projections for them are looking very bullish, as many market analysts believe that they could see nearly double their current values by the end of the year. Invest well.

Daily Updates Archive

Danny Burns

Senior Staff Writer – Precious-Metal.org