Daily Precious Metal Market Update

August 17, 2009 – Morgan Silver Dollars and other investment-grade certified rare coins are in the spotlight today as they continue to hold onto their value while safe haven demand for bullion continues to weaken. Many investors are currently turning to the United States Dollar as a safe haven, yet several market analysts are predicting that the fiat currency may begin seeing contractions by the end of the week as negative economic data could begin to flood our investment markets. Still, spot prices are seeing limited losses as demand for safe haven precious metals has not weakened significantly because of the lingering inflation that is growing slowly but surely in our economy.

Gold Spot Price = $934 per ounce, decreasing $13.60

Silver Spot Price = $14 per ounce, decreasing $.71

Platinum Spot Price = $1223 per ounce, decreasing $34

The Morgan Silver Dollars are some of the most popular long-term silver investments because in the past few years they have increased in value more than 300%, and many times the outperformed popular gold coins like the American Eagles and even the $20 Saint Gaudens. These Morgan Silver Dollars were minted between 1878 and 1904 as official currency in the United States. Many wise long-term investors prefer these coins over other popular silver coins because they come hand-inspected and authenticated by reputable numismatic assayers such as the Professional Coin Grading Service (www.pcgs.com) or the Numismatic Guaranty Corporation (www.ngccoin.com). If you would like to learn more about these unique investment-grade coinages, feel free to browse this website or visit other reputable websites like www.Gold-Investment.info and www.Rare-Coin.org.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org