Daily Precious Metal Market Update

August 20, 2009 – Safe haven precious metal diversifications have been increasing in popularity since 2001 as the United States economy contracted into our current financial crisis, and today I would like to take some time to focus on some very popular silver investment-grade rare coins, the legendary Peace Dollars. Minted between 1921 and 1928, and then again between 1934 and 1935, the Peace Dollars were used as currency in the United States, and they replaced the older Morgan Dollars that were considered to be less visually appealing. Many wise American investors purchase these Peace Dollars because they were the last silver dollars to be minted by the United States.

Gold Spot Price = $937.20 per ounce, increasing $4.00

Silver Spot Price = $13.96 per ounce, decreasing $.02

Platinum Spot Price = $1229 per ounce, increasing $8.00

Peace dollars and other investment-grade certified rare coins have protected investment portfolios in the past few years from negative economic circumstances ranging from inflation to deflation and anything in between. Many wise investors who owned these rare coins made more than 300% profit between 2001 and 2008. The question is, what does the future have in store for us? If inflation begins to climb significantly by the end of the year, we could see gold and silver spot prices climbing because both metals tend to thrive during inflationary environments. No matter what happens down the road, wouldn’t you like to know that your hard-earned wealth could be protected from the onslaught of problems that may affect everything from stocks to bonds and real estate?

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org