Daily Precious Metal Update

July 24, 2009 - Safe haven demand continues to increase today as new and experienced investors are entering the market in order to profit from the recent spot price increases, and it seems that many investors are turning to investment-grade rare coins like the gold $20 Saint-Gaudens and the Morgan Silver Dollars. The Morgan Silver Dollars in particular are in the spotlight at the moment because they have outperformed the majority of investing market since the beginning of the year. Gold has risen 8.5% this year while silver has risen 21% this year.

Gold Spot Price = $953 per ounce, increasing $5

Silver Spot Price = $13.82 per ounce, increasing $.12

Platinum Spot Price = $1183 per ounce, increasing $8

It’s no surprise that so many wise American investors are turning to investment-grade rare coins today, especially since this unique precious metal market has thrived in the past few years despite being under the radar as an investment. Coins like the $20 Saint Gaudens and Morgan Silver Dollars have truly proven their profit and preservation potential since the turn of the millennium, with both of them increasing more than 320% in the past nine years. If you would like to learn more about these elite diversifications, feel free to browse this website or visit other reputable websites such as www.Rare-Coin.org and www.Gold-Coin.com, and don’t forget to visit www.Gold-Investment.info for detailed product information that could help you determine which coin may be best for your investment portfolio.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org