Daily Precious Metal Update

February 18, 2009 – Bullion coins have proven their profit and preservation potential during early 2009 and by looking at last year’s charts; there has been an increased number of physical possession investment demand for precious metals. For example, the US Mint sold over 860,000 ounces to institutional and household investors last year and 413,000 of those ounces were sold in the last quarter alone. Wise investors around the world are finally starting to realize that fiat currencies like the United States Dollar are being devalued by the day as a result of high inflation and that the excessive pumping of money that is occurring at the moment could result in hyperinflation. This hyperinflation could cause severe economic problems and it’s important to know that bullion coins and precious metals in general have a historical tendency to act adversely to the problems that are occurring during such a difficult time. As more and more institutional and household investors begin flocking to the precious metal markets, we could see the prices of bullion coins jump to unprecedented levels as it has been projected by many market analysts.

Today all precious metals are increasing in value, with gold at $973.30 per ounce, silver at $14.27 per ounce and platinum at $1088 per ounce. With the potential of such significant gains in the next few weeks and months, we could see even more wise investors picking up bullion coins in order to profit and preserve with their historical attributes. I wish you the best of luck when investing in precious metals.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Precious-Metal.org