Daily Precious Metal Update

June 25, 2009 - The overall investment appeal for gold and silver is on the rise today as speculation is arising about both short-term and long-term instability with the United States Dollar and stock indexes, thus the latest precious metal forecasts are predicting a bullish short-term future for safe haven metals. Many investors and market analysts are eagerly waiting to see whether or not the Federal Reserve will continue printing excessive amounts of money in order to pay for billions of dollars in toxic treasuries. To make matters even worse, the Federal Reserve is also planning to increase interest rates by the end of the year, and it appears that this could create a similar economic environment like the one in the late 1970’s that pushed both gold and silver up more than 500% beyond their all-time record highs. The latest precious metal forecasts are saying that history could repeat itself within the next few years if inflation continues to rise as a result of excessive overprinting of dollars, yet the true problems may not occur until the Federal Reserve actually increases interest rates, thus creating the perfect environment for significantly higher spot prices. If you would like to learn more about precious metal forecasts in this elaborate market, feel free to browse the website in order to obtain insider’s tips that could help you when looking to maximize a precious metal investment.

By around 4:50 PM Eastern Standard Time, it appears that precious metal spot prices are headed in their own inverse directions, with gold trading at $931.10 per ounce, up $5.30 for the day while silver is trading at $13.85 per ounce, up four cents for the day, and platinum is trading at $1157 per ounce, down two dollars for the day.

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Danny Burns

Senior Staff Writer - Precious-Metal.org