Daily Precious Metal Update

February 9, 2009 – Bullion bars have been increasing in popularity as a long-term investment despite the usual round of short-term selling that we’re seeing today as a result of the rallies in pricing that we’ve seen in the last few weeks. It’s been said that the reason that gold has fallen below the $900 per ounce mark is because of the building anxiety that is resulting from the upcoming stimulus and bank bailout plans. Investors simply don’t know what investing method will be best for them during 2009, but many wise investors are turning towards bullion bars and certified investment grade rare coins in order to find the profit and preservation potential they are seeking. It’s been historically proven that precious metals do well during times of high inflation and financial crisis, which is why companies such as the Certified Gold Exchange are seeing a significantly higher demand for gold and silver at the moment. Platinum still remains a bit speculative as the prices will drive side-by-side with automobile sales.

Currently the daily market spot price of gold is trading at around $894.90 per ounce, a $16.50 loss for the day but still a $52.90 increase for the month. Silver on the other hand falls $.10 to around $13.03 per ounce while platinum slides $10 into the area of $991 per ounce. An appropriate precious metal investment in either bullion bars or certified coins could make the difference between a successful and a failed investor during this financial crisis. I wish you the best luck when investing.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Precious-Metal.org