Daily Precious Metal Update

July 13, 2009 - Instabilities continue today with the United States Dollar Index as speculation begins to emerge about long-term hyperinflation that is almost inevitable in our economy, thus many investors are beginning to flock to safe investment alternatives such as physical possession gold and silver as their ultimate hedge from the storm that lies ahead. This comes as no surprise, especially since global governments have overprinted fiat currency in excess within the past few years, and historically wise investors flock to safe investment alternatives during these times in order to protect themselves from uncertainty.

Gold Spot Price = $919.30 per ounce, increasing $6.30

Silver Spot Price = $12.78 per ounce, increasing $.13

Platinum Spot Price = $1111 per ounce, increasing $6

One of the worst things about our current financial crisis is the fact that global governments continue saying that an “economic recovery” is underway, when in reality they have only planned short-term solutions in order to prevent a large-scale loss of confidence that could occur overnight if the United States Dollar collapsed and stock indexes shattered. Fortunately, safe investment options like gold and silver have proven their ability to thrive during these unstable economic times, and during the late 1970’s, both metals increased in value more than 800% in just two years as fiat currencies and equities contracted as a result of skyrocketing inflation. If you feel that you could protect your hard-earned wealth with some of history’s most preservative assets, feel free to utilize the investing resources that we have available for you on this website.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org