Daily Precious Metal Update

May 12, 2009 - Insecurities about the future of the United States economy is causing many wise American investors to flock to companies like the Certified Gold Exchange in order to begin a precious metal diversification on the right foot. Today it appears like mainstream financial markets are floundering amidst this worsening financial crisis, and everything from the United States Dollar to stop indexes are losing value while precious metals spot prices and crude oil are increasing. Many market analysts and investors are watching the United States Dollar very closely because it has shown a negative correlation to precious metals in the past few months, and several forecasts are saying that the fiat currency may face serious devaluation in the near future. This is commonly referred to as a “currency crisis”, and investor Jim Rogers is betting that it will occur by the end of 2010. Fortunately, wise American investors have the ability to protect their hard-earned wealth and long-term spending power by beginning the appropriate safe haven diversification directly with the Certified Gold Exchange.

By around 2:40 PM Eastern Standard Time, the Certified Gold Exchange is reporting moderate increases in precious metal spot prices across the board as many investors are beginning to take advantage of the market before it’s too late. The current gold spot price is $922.10 per ounce, up $8.80 for the day while the current silver spot price is $14.23 per ounce, up $.29 for the day and the current platinum spot price is $1127 per ounce, up $12 for the day.

Daily Updates Archive

Danny Burns

Senior Staff Writer – Precious-Metal.org