Daily Precious Metal Update

June 26, 2009 - Precious metals investing is becoming more popular today as safe haven investors are flocking into the market in order to potentially hedge their hard-earned wealth from deflation and inflation that could affect dollar-backed assets down the road, and today I would like to focus on silver bars that are becoming a “hot buy” at the moment because the metal has outperformed gold since the beginning of 2009. Silver bars are a relatively cost-effective way to enter the precious metal market because they carry a low premium above the spot price of silver, thus making them simple to purchase and sell. As far as products are concerned, there are many different types of silver bars available to investors, but the most popular are produced by Johnson Matthey, Credit Suisse and Engelhard. When looking to begin a precious metal diversification, it is always highly recommended that you work directly with an expert in the field in order to find out the best method of investing with the correct bars or coins that suit your investment portfolio like a glove. This is one of the ideal ways to maximize investing potential with gold, silver and platinum.

By around 5:45 PM Eastern Standard Time, gold and silver bars and coins are increasing in value slightly while platinum makes a moderate jump for the trading day. Currently, gold is sitting at $938.90 per ounce, an increase of $6.80 for the day while silver is sitting at $13.99 per ounce, an increase of $.16 for the day and platinum is sitting at $1185 per ounce, an increase of $28 for the day.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org