Daily Precious Metal Market Update

September 4, 2009 – Spot precious metal prices are climbing higher today, with gold and silver currently sitting at five-month highs based on a spike in safe haven demand that is occurring as a direct result of lower confidence with the United States Dollar along and dollar-backed assets. Today’s spot precious metal prices are showing that global investors seem to be shifting away from riskier stocks and bonds in exchange for physical possession bars and coins, and this comes as no surprise especially since history has proven time and time again that safe haven demand skyrockets during times of economic instability.

Gold Spot Price = $991.80 per ounce, increasing $.10

Silver Spot Price = $16.16 per ounce, increasing $.04

Platinum Spot Price = $1249 per ounce, decreasing $2.00

According to several market analysts, spot precious metal prices may be headed significantly higher within the next few months as negative economic data coupled with higher inflation is causing investors to stray away from paper-backed assets in exchange for assets that hold true value, especially gold and silver. As investors continue turning to precious metal bars and coins, is it now time for spot prices to surpass their all-time record highs amidst the worst financial crisis the United States has experienced since the Great Depression? If so, don’t miss the opportunity to protect your hard-earned wealth by making a diversification with some of history’s most preservative assets. If you would like to learn more about the options available to you with precious metals, feel free to browse this website or visit www.Gold-Investment.info and www.GoldSilver.org.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org