Daily Precious Metal Update

December 10, 2009 - The increasing volatility with the stock market has driven many Americans to invest precious metals within their portfolios in order to potentially preserve their hard-earned wealth from losses in their “securities” holdings. In addition to the volatility of US stock indexes, many American investors have purchased physical possession precious metals as a way to stave off inflation. Many economists expect inflation to destroy the dollar once the Federal Reserve starts to raise interest rates, similar to the cycle that took place in the 1970s and 1980s.

Our government had interest rates at double digits back then, and gold prices soared in response to the devalued dollar. Gold investors who entered the market early on in the last cycle made over 1000%, and many analysts believe that we are just a quarter of the way in to gold’s current bull cycle. Our traditional financial markets are predicted to underperform in 2010, and many projections call for things to get much worse for the United States economy once interest rates start to rise and stimulus funds are exhausted.

Today, the United States dollar fell about 0.6% versus a basket of other major currencies, and this triggered a response in precious metal prices. To invest precious metals within your portfolio and take delivery of those metals, it is important to contact a reputable gold exchange with a Better Business Bureau rating of A or A+. Live precious metal spot prices are available at www.GoldPrice.net, or you can simply register below for live precious metal quotes and the 2010 Insider’s Guide to Precious Metal Investing. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org