Daily Precious Metal Market Update

August 25, 2009 – Today it appears that less investors are deciding to invest in precious metals for safe haven purposes as the United States Dollar Index strengthens amidst growing speculation that an “economic recovery” is underway. The latest economic data has shown that the United States economy is slowly but surely showing small signs of recovery, and this has caused several investors and market analysts to believe that the worst of the financial crisis is over. Despite this good news, it also appears that other global economies are growing at a faster rate than the United States, and this should come as no surprise, especially since our government has done nearly anything in order to prevent an economic collapse.

Gold Spot Price = $943.30 per ounce, decreasing $10

Silver Spot Price = $14.23 per ounce, increasing $.08

Platinum Spot Price = $1239 per ounce, decreasing $16

In the past few years, more and more wise investors have decided to invest in precious metals in order to protect their hard-earned wealth from the problems that occur with fiat currencies and paperbacked assets. Many of these investors have thrived with their safe haven diversifications, especially since gold and silver in particular have increased in value more than 300% since 2001. According to several market analysts, problems may lie ahead with the United States Dollar, especially with inflation as a result of our massive stimulus and bank bailout packages. If inflation affects our economy and deteriorates dollar-backed assets down the road, wouldn’t you like to know that you made the wise decision to invest in precious metal before it was too late?

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org