Daily Precious Metal Update

May 19, 2009 - Gold bar pricing basically refers to the final price that an investor pays when they purchase bullion bars like the Credit Suisse and Pamp Suisse products. This gold bar pricing is determined by taking the daily market spot price and adding a small minting premium that is applied by the manufacturers of these bars. In the past few years, the demand for bullion bars and coins has increased significantly because investors were simply sick and tired of the unstable stock, bond and real estate markets. Gold alone has increased in value 300% since 2001, and several market analysts believe that we are only in the middle of a precious metal cycle that could continue until the year 2020. It is very important that investors understand that certain bars and coins work better for different investment portfolios, and this is why we recommend that you work directly with an expert in the market in order to potentially maximize your investment potential with any type of precious metal.

By around 4 PM Eastern Standard Time, gold bar pricing is heading in the upward direction along with the spot prices of all major precious metals. The current gold spot price sits at $925.10 per ounce, up $7.70 for the day while the silver spot price sits at $14.19 per ounce, up $.43 for the day and the platinum spot price sits at $1137 per ounce, up eight dollars for the day. Short-term market forecasts seem to be dependent on the upcoming economic data and its direct effects on investor sentiment.

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Danny Burns

Senior Staff Writer – Precious-Metal.org