Daily Precious Metal Update

June 1, 2009 - Safe haven demand for gold and silver has increased significantly in the past few years as investors from around the United States have lost trillions of dollars with mainstream investments like stocks, bonds and real estate, thus these investors have flocked to precious metal sellers that specialize in investment-grade bars and coins. There are many different things to look for when trying to find the best precious metal sellers, and we always recommend that you do the proper background research before diversifying with any company. The Better Business Bureau and the Ripoff Report are two good sources that may help you learn about the reputability of a particular dealer. It is not recommended that you deal with a company that has lower than an A rating with the Better Business Bureau for safety and integrity reasons. Another useful tip that could help you sort the good from the bad precious metal sellers is simply to call the respective company and analyze their tone and approach in order to find out whether or not they may be suitable to assist you with your investment goals.

By around 3:20 PM Eastern Standard Time, precious metal sellers from around the nation are noticing slightly lower demand for safe haven metals, and this is partially due to the fact that many investors usually wait for direction from other markets before investing during the beginning of the month. Currently, gold is sitting at around $977.20 per ounce, down $2.40 while silver is sitting at around $15.59 per ounce, down $.20 and platinum is sitting at around $1207 per ounce, up to $19.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org