Get The Latest Precious Metal Prices At Precious-Metal.org

November 12, 2009 – In response to recent changes in the world economic scene, precious metal prices have been forced upward to keep pace with the increased demand for commodities and safe-haven assets. While many commodities, like sugar, have increased in value dramatically during the current recession, the inability to efficiently store sugar, cattle, and other commodities caused investors to seek alternative means of wealth storage.

Precious metals are an excellent and advisable way to store wealth, because their high value allows a large amount of wealth to be stored in great confinement. Over the last two weeks, precious metal prices have spiked across the board.

Gold has led the charge and the yellow metal is now just below its’ record high of $1119 per ounce. At 2pm EST the gold spot price was at $1116, and this figurer represents a 0.8% gain for the day and a 6.3% gain in the last 30 days.

Silver prices have by no means “piggybacked” the rising gold prices, but this inexpensive precious metal has gained 79% in the last year on its own merit.

Platinum is a bit more speculative right now because of its critical utilization in the automotive industry, which has struggled to stay above water throughout the last few years, but some investors have been able to make profits through rapid buying and selling of platinum. Platinum’s current spot price is $1365, and this metal is up $15 per ounce today. Contact Precous-Metal.org today if you require free, customized information and live quotes on the most widely traded precious metal products. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org