Daily Precious Metal Market Update

September 3, 2009 – More American investors are deciding to invest with precious metals as investing markets in general are seeing losses based on instability with the United States Dollar Index and major stock indexes. The latest economic data has shown mixed results, with some data showing an optimistic future and other data showing a pessimistic future. According to several market analysts, it’s very important that investors keep a close eye on the United States Dollar because further losses with the fiat currency may be inbound once the United States Federal Reserve increases interest rates, thus potentially sparking inflation similar to what occurred in the late 1970’s. Fortunately, during this period in the late 1970’s, more investors decided to invest with precious metals, thus gold and silver spot prices increased exponentially, more than 800% in just two years.

Gold Spot Price = $975.40 per ounce, increasing $18.20

Silver Spot Price = $15.30 per ounce, increasing $.28

Platinum Spot Price = $1219 per ounce, decreasing $6.00

Some very interesting short-term projections have forecasted that more American investors may invest with precious metals down the road as instability with paperbacked assets could spark safe haven demand within the next few months. Bullish spot price projections have forecasted that gold in particular may climb above and beyond its all-time record high of $1033 per ounce by next month. If this bullish upward fluctuation does occur with the spot price, wouldn’t you like to know that you have a few bars and coins that could help you thrive while other investing markets are floundering?

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org