Daily Precious Metal Update

March 25, 2009 - Wise investors looking to invest in precious metals should be aware that spot prices are rebounding after decreasing in value for three days in a row, and many short-term predictions are saying that now could be a time to take advantage of the low prices by entering the market before values go through the roof. The overall safe haven demand by Americans looking to invest in precious metals is increasing substantially at the moment, and a recent projection by CPM Group said that the demand for gold could increased 21% by the end of the year, which would be an all-time record high. Investors around the world are sick and tired of playing the fluctuation game with stocks that have lost nearly 50% of their value in the last eight years. Fortunately, many are catching on to the trend of safe haven assets like gold and silver, which could outperform most other financial markets during 2009. Now could be the ideal time to diversify our hard-earned wealth by deciding to invest in precious metals before it’s too late.

During the midday trading hours, spot prices are doing quite well, and gold currently sits at $938.40 per ounce, spiking up $12.30 for the day while silver also spikes six cents to around $13.50 per ounce and platinum follows their lead by spiking four dollars to around $1121 per ounce. Keep your eyes on any more negative economic data that could spark further buying interest by investors looking for store of wealth assets. Invest well.

Daily Updates Archive

Danny Burns

Senior Staff Writer – Precious-Metal.org