Daily Precious Metal Update

January 30, 2009 – The Certified Gold Exchange is reporting that gold, silver and platinum are increasing in value today as investors around the nation are taking action to prevent further losses from their investments such as stocks and bonds and today alone we’ve seen some significant increases in demand for physical possession metals such as American Eagles and $20 Saint-Gaudens coins. People are simply shifting everything they can into precious metals as news of the worsening economy and falling stocks is not something good for anybody else besides metals investors. Today we’re seeing a large amount of interest in safe haven investments and the word “gold” is being looked up on search engines at a significant rate at the moment. After Wednesday’s passing of President Barack Obama’s $819 billion stimulus plan, investors have realized that the long-term inflation that could result from this may be significant which is why many people are turning to companies such as the Certified Gold Exchange to assist them in diversifying their assets properly.

During midday trading, the Certified Gold Exchange is reporting significant gains in the price of the metal and it is currently trading at $926.20 per ounce which is a $17.90 increase for the trading day and also a $45.40 increase in the last 30 trading days. Silver on the other hand is trading at $12.59 per ounce, up $.24 for the day and it currently sits at its four-month high while platinum climbs up $12 to around $985 per ounce. This is proving to be an excellent year for precious metals. Invest well and have a great weekend.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Precious-Metal.org