Other precious metals are also experiencing a rally. Near the end of the trading day on June 17, silver showed a spot price increase of 1.52 percent on the New York market, while platinum rose by 0.57 percent and palladium went up by 1.69 percent. An analyst from Deutsche Bank said today, “We … expect that the other precious metals, silver and platinum in particular, could … start to perform in-line or out-perform gold.”

While gold is trading at record highs, the other three heavily traded precious metals are still below their records, although silver is threatening to push through. Platinum topped $2,250 in 2008, but closed Thursday at a New York spot price of $1571. A rush on palladium in 2000 and 2001 saw that price reach almost $1,100. It closed today at $485. Only silver, which is matching gold stride for stride lately, is within striking distance of its all-time high of $20, with a spot close of $18.74 Thursday.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

On June 15, as Moody’s cut Greece’s government bond ratings to junk status, reviving the fear about the Greek situation’s effect on the world economy, investors once again turned to precious metals. All indices are up at midday at least one percent. Not surprisingly, gold prices stayed firm in Europe today. As spot gold bid at $1,223.65 an ounce as against yesterday’s $1,220.15 in New York, U.S. gold futures scheduled for delivery in August stood at $1,224.90.

David Wilson, analyst at Société Générale remarked that it is obvious that investors will continue to support gold, considering their nervousness over the European economy. He also said that precious metals would see new highs as the year 2010 progresses. Last week, gold set a record high at $1,251.20 an ounce.

The demand for physical bullion resulted in a record holding of 1306 tons of precious metal gold at the world’s biggest gold-backed ETF, SPDR Gold Trust in New York. According to market analysts, the outlook for precious metals looks very positive if one were to go by past price reports. Silver currently stands at $18.31 an ounce and the gold-silver ratio, which stands now at 66, is gradually increasing. Platinum prices are at $1,550 an ounce.

Thus, investors continue to be interested in gold as a safe investment in the medium to long-term to guard themselves against the impending inflationary government methods to deal with debt.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Even though the Dow Jones fell by 115.48 points to 916.19 points on June 7, gold prices rose by $26.80, selling at $1,244.50 per ounce, bringing the Dow/Gold ratio to a low 7.9. According to the NIA’s predictions for 2010, they also anticipated a sharp slide in the Dow/Gold ratio of 9.3 to 7. Barely a month ago, when the Dow/Gold ratio hovered at 8.7, the NIA remarked that they expected it to rapidly go even lower over the next few weeks. That is exactly what is happening, with precious metals seeing a surge in price.

Silver has especially turned up a winner in the last few days, with prices going up by 5.4 percent to $18.24 an ounce. Not surprisingly, the NIA recommends silver as the ideal investment for the next ten years. Yet, silver has to cover some distance to catch up with gold prices. Encouragingly, the gold/silver ratio has gone up to 68 compared to 64 in December 2009. If the NIA proves right once again, there might be a big decline in the precious metals’ ratio during the latter half of 2010.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Do we see $19 an ounce just around the corner?

“If silver takes out $17.50, it could run up to $19,” said David Morgan recently. Morgan, founder of www.silver-investor.com, made the remark when silver was yet trying to move away from the decade ending $16.99 an ounce.

In an interview held recently and published in Morgan’s official website, Morgan, referring to silver, was quoted: “We have a 10-year bull market behind us and in my view is we have several more years to go.”

In the same interview, Morgan expressed his trust in precious metals, especially gold and silver, as hedge in the evolving global currency crisis. He said: “There’s none better than gold – and silver is just as good – if you’re worried about a crisis hedge.”

He remarked that in the event of panic buying, more of the money that would move in to metals would go for the cheaper metal which is silver, resulting in the adjustment of silver-gold ratio from 60:1 down to even a possible 10:1.”because there’ll be more money, relatively speaking, moving into silver than in the past” because of silver’s lower price. The classic ratio, however, is 16:1 according to Morgan

Unlike gold, silver is consumed, it being also an industrial metal. According to Morgan, industrial demand on silver was roughly 35% of the total market in 2001 and currently in 2010 54% of the total market. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Prices had been volatile but it was expected that silver would hang on until the end of trading day. Should it succeed in keeping the lead, it would be more than enough for investors to keep their faith in silver to make up the rest of the week. After all, silver had been tagged as the potentially best performer among precious metals.

Silver’s ability to rebound, even surge, had been demonstrated several times. It won’t be surprising if it demonstrates it again. The fundamentals are intact and the situation fertile, as if custom-made, or silver.

Let’s consider the issue of supply and demand. The demand for silver remains growing while the supply of silver gets depleted. Aside from being a precious metal, silver is also an industrial metal. Its industrial uses are varied and numerous. Silver is a favorite because of its unique physical properties unmatched by other metals. The large and growing consumption of silver by various industries continue to bring the supply of silver to an almost critical level. About 95 percent of available silver is fed to hungry industries. Only about 300 million ounces of this metal is available worldwide. The supply used to be 12 billion ounces in 1900.

The law of supply and demand is already in play, felt and sensed by experienced investors who have developed a fine-tuned sensitivity to opportunities for profit. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

It will be recalled that in 2000 the price of silver was $4.95 at the end of 2009 it settled at $16.99, over three times more.

Silver’s surge also calls to mind David Morgan’s (founder of www. Silver-investor.com) recent market read citing $17.50 as the “upper limit” for the price of silver for the time being. “I don’t see us going much above the $17.50 level.”

He added, however, that “If silver takes out $17.50, it could run up to $19.”

Morgan also put silver in the lead among the best performing assets over the next decade, even “outperforming gold over the next few months on a percentage basis.”

George Gero, vice president of global futures RBC Wealth Management, forecast $20 as the final number for silver at the end of 2010. Gero observed the increasing daily volume of silver futures.

Silver, like gold, is a precious metal but, unlike gold, it is also an industrial metal with diverse industrial uses. It is estimated that industries have a high 95% share in the consumption of silver. Currently there is an imbalance of consumption and production of silver and the imbalance is growing bigger as industrial consumption grows bigger and faster than the output of mines.

Supply and demand imbalance is one is one of the major factors that forces that the price of silver to go up. We can expect this imbalance to be more disparate through the coming years. When this becomes difficult to sustain, we can expect another bull run for silver. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Platinum: $1587.00 +9.00

Palladium: $448.00 + 5.00

Silver: $16.70 + .14

Gold: $1090.40 + 1.90

Yesterday saw the Existing Homes Sales Report come in at -.6 a third straight month to month decline. Precious Metals rebounded on the news as investors looked for a safe haven against currencies. The -.6 declines is actually mixed news since January’s decline was 7.2%, and a decline of 1.1% was forecasted. Still overall weak sentiment in the dollar has investors squirming at any less than positive reports coming out of Washington.

Today brings about the US Durable Goods Report. This report tends to be highly volatile and can produce spike highs/lows. A month over month increase of .7% is being forecast, and January saw a revised number of 2.6%. If these numbers hold it would indicate an overall improvement in the underlining US Economy.

If yesterday was any indication, though; investors are extremely skidish of the Dollar strength. Economy improvement has been slow and methodical, and investors are adopting more of a wait and see approach. Positive reports are not being evaluated on the merits of improvement, but more on expectations. Any less than forecasted numbers released from Washington today could trigger positive price action for the Precious Metal group overall.

Many short-term and day traders are sticking to the sidelines prior to the US Durable Goods Reports, and this maybe well advised.

Daily Updates Archive

Janet Villalon

Senior Staff Writer - Precious-Metal.org

The ongoing issues in South Africa, which supplies around 80% of global output of Platinum, has been dogged by challenges such as power outages, and financing issues. These same issues have contributed to producers in South Africa faced rising cost pressures, which included a stronger currency, above-inflation wage increases and double-digit hikes in electricity tariffs.

Estimates put the weighted average cost of production increasing by more than 10% in year-on-year terms. Meaning 2010 probably won't deliver any easing in cost constraints as biennial wage negotiations were settled for one year in many cases and so remain something of an issue. As well, in February Eskom, South Africa's dominant power generator was granted permission to lift electricity prices by 25%. This will further add to production costs. Hinting that higher prices will be needed for the precious metal Platinum to cover total costs and encourage new supply.

Some longer-term structural issues could also hinder supply, as Eskom has cautioned power supply may not be able to keep up with increased demand starting as early as 2011, a reflection of a lack of investment in ageing production plants.

Most platinum producers are outputting relatively flat production in year-on-year terms, but Barclays suggests the potential for mine safety closures, labor disputes and power issues to disrupt supply implies any supply growth prospects are risky at best.

If you are interested in learning more about the unique investment opportunities in Platinum, contact one of our precious metal experts who will be happy to assist you.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

The US dollar dropped for a second day in the Asian market, down 0.128 and standing at 80.30 at 10:30 AM EST on Monday. Bloomberg reported that according to Steven Zhu, head trader at Shanghai Tonglian Futures Co, “Dollar weakness is generally positive for gold.” The dollar dropped against 15 of 16 other main currencies it is traded against in Asia today.

Demand for precious metals appears to be rising as well. After last week’s announcement that Ford Motor Co had an increase of nearly 45 percent in sales and General Motor had a 12 percent gain, palladium and platinum demand was expected to increase. Gold demand is increasing as well, with SPDR Gold Trust, largest gold ETF, adding 0.8 percent to its gold holdings to increase to 1,116.12 tonnes.

A possible resolution in the sovereign debt crisis in Greece is seen by analysts as helping precious metal prices as well. After a weekend meeting between Greek Prime Minister George Papandreou and German Chancellor Angela Merkel for discussions on the situation, French President Nicolas Sarkozy said the euro region is ready to rescue Greece if necessary.

As Steven Zhu said, “Gold is being lifted by the rest of the commodities complex,” as gold and the other precious metals rose today. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Gold ended the week by gaining $1.90 to close at $1,135.40. Gold benefitted from the announcement of a weekend meeting between Greek Prime Minister George Papandreou and German Chancellor Angela Merkel for discussions on the Greek debt situation. Merkel was involved in the promise of “determined and coordinated action, if needed” to aid Greece.

The US Dollar Index dropped 0.129 to close at 80.43 as investors moved back to the euro on news of the meeting. “Investors want to hold a currency that’s going to maintain its value,” said Frank Lesh, a trader at FuturePath Trading LLC in Chicago. “Gold is a part of the currency crosses now. The international currency is gold.”

After news of Ford Motor Co.’s 43 percent increase in sales and General Motors’ 12 percent gain, platinum and palladium finished the week with gains as both precious metals are important in automotive emission control systems. Platinum closed even at $1,577.00 on Friday, but gained 2.5 percent for the week. Palladium gained nearly $40 per ounce for the week and reached its highest level since June 23, 2008. Palladium also rose for the eighth consecutive session, the most since October 2009.

Silver closed up for the sixth consecutive session, gaining 24 cents to end at $17.37 per ounce. Silver gained 5.2 percent for the week and lowered the Gold / Silver Ratio to 65.31 as it made gains more rapidly than gold. The outlook for precious metals next week remains favorable as evidenced by a Bloomberg survey of industry experts where 73 percent expect gold prices to rise. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

The dollar made gains on the revised numbers for productivity, which increased in the 4th quarter of 2009. Nonfarm productivity stood at a 6.9 percent annual rate, as the index made its biggest one-year gain since 2002. In addition, the unit labor costs fell a revised 5.9% in the fourth quarter and a revised 7.6% in the third quarter. This decline represented the most drastic drop since 1949, the government said.

Unemployment rates also improved, with the number of first-time claims dropping last week by 25,000 to 469,000. "With ample margins of excess capacity in the product and labor markets, inflation is not an immediate threat or worry," wrote Joe Liro, economist for Stone & McCarthy Research.

Precious metals prices typically drop in the absence of inflation. “Precious metals in a portfolio can provide sufficient diversification as well as protection against inflation,” states Zacks Investment Research. The lack of inflationary pressure in the US, as seen by the current economic data, is putting pressure on metal prices today. Register below for one of our precious metal tutorials or call today to see how Precious-Metal.org can help you. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Reacting to a weaker dollar, the euro held steady for the day, rising to 1.3619 as the US currency continued to reel from negative economic news for the week. Fed Chairman Ben Bernanke’s Congressional testimony did little to encourage investors in the dollar, and unemployment results turned downward as the number of jobless unexpectedly rose. Yesterday, the US housing market received bad news as new home sales fell to their all-time low, while loan applications for homes dropped to a 13-year low.

The US Dollar Index began to drop yesterday as the numbers started stacking up against the dollar. Today has been more of the same as the index fell to 80.38, down 0.360 for the day and over 1.10 in two days after trading near 81.50 on Wednesday, emphasizing the concern that analysts have for the state of the US economy and demonstrating a willingness of investors to reconsider precious metals as safe-haven assets.

With end of the month economic numbers due to be released soon, prices could continue to swing in favor of gold, silver and platinum next week. Metals will likely remain a strong source of investment during the economic struggles of the US, suggesting that investors should look to buy precious metals as the dollar drops. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

S&P cited the city’s inability to stop spending money it doesn’t have as part of the decision; this is a devastating blow to both an over-spent California and the first warning shot of what lies ahead for the United States.

Preceded a Moody’s Investor Services Inc downgrading from stable to negative, Standard & Poor’s stated disappointment that the city council had done nothing to stem its growing losses. The current budget deficit is $212 million and the deficit is expected to swell to $484 million in the next year on a total budget of about $7 billion. City Administrative Officer Miguel Santana told the City Council, "It will mean we will have to spend millions more (in interest payments) to get credit."

This downgrade should serve as a startling wake-up call to the federal government as well. With a national debt that is approaching 100% of the GDP, America as a country is in a far more serious situation than Los Angeles, with numbers approaching those of Greece. With both inflation and payment default looming for the US, investors should look to move assets into commodities that are not dollar-based, both protecting current holdings and possibly increasing wealth as the dollar begins to slide.

While the Los Angeles credit downgrade is being ignored by the mainstream press, it will not be able to be ignored when it hits America as a whole. Investors should look to add precious metals to their portfolios as a protection for the crisis that looms ahead. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

According to Bruce Dunn at Auramet, concerns about further money tightening by the Federal Reserve and continued worries about the Greek debt situation were among the items pressuring prices. In addition, profit taking was seen after Commodity Futures Trading Commission data showed that noncommercial net long positions were up 4%, suggesting that some investors were looking for upcoming prices to be lower.

The US dollar has also been instrumental in the day’s decline. “The gold price weakness is mainly induced by the U.S. dollar strength,” said Bayram Dincer, a commodity analyst at LGT Capital Management in Pfaeffikon, Switzerland. “Gold is retesting the support level at $1,110 an ounce.” While afternoon trading improved, the early totals for the day looked much bleaker, with gold dropping at one point to $1,100 per ounce.

Today’s sell-off does not look like the trend to most analysts, rather a correction that was motivated by external pressures; prices will likely remain steady as they regain momentum for another rally. For investors, a low point like this offers a good opportunity to make additional purchases, taking advantage of monetary concerns as they affect precious metal prices. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

“Participants were selling previously bought positions as the dollar gained ground, and there were concerns about further dollar gains”, explained Michael Gross, broker and futures analyst with OptionSellers.com. These technical sales among precious metals combined with lingering concerns of the sovereign debt crisis to spur interest in the dollar.

“The European debt doubts continue to make investors jittery and push them toward the perceived safety of the U.S. dollar. There's a fear in the back of gold and silver players' minds right now that this dollar rally might not be over," Gross said. That opinion does not seem to be the prevailing one as most analysts saw today’s decline as investors selling previous positions and some increased resistance. Speaking of gold, Patrick Donnelly, a senior market strategist at Olympus Futures said, "We saw some basic resistance toward the highs in the $1,130 area.”

While the sales dampened demand during today’s session, the outlook is still positive as the overriding fundamentals still suggest further price increases and investors are not bullish on currency-based investments. For many people, a day like today offers a good opportunity to get better prices on precious metals in advance of the next wave of increases. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

The precious metal market bears are pointing to a relationship between metals and the stock market, which they claim is indicating a possible additional bottom in prices. While this theory may motivate some to reduce their risk in gold, the gold fundamentals themselves do not bear out the same conclusion. Gold’s Relative Strength Index today is at 54.30, still above the 30-40 range that indicates the possibility of being undersold. Silver is also above the oversold range with an RSI of 46.57, and platinum is currently at 47.87. These numbers all indicate that the respective commodities are still in a positive position.

In addition, a large number of analysts see the trends moving upwards, with Citigroup Inc analysts suggesting a trend for gold up to $1,160 and other analysts speculating that because the Gold/Silver Ratio is just under 70 at 69.44:1, silver is primed to rise statistically even more than gold.

While prices and trends can change rapidly, now looks like a very good time to invest in precious metals, with gold currently at $1,118.90, silver at $16.11 and platinum at $1,537.00 per ounce. If prices do rise, investors holding positions now stand to profit the most, as opposed to those who wait for another bottom that may not come. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

While demand for precious metals is spread throughout the world, East Asia, the Indian sub-continent and the Middle East accounted for nearly 70% of the demand as recently as 2008, and just five countries (China, India, the United States, Turkey and Italy) are responsible for 55% of the total for gold. This incredible demand for metals is centered primarily on jewelry, investment and industrial applications.

Jewelry consists of nearly two-thirds of all gold demand and a high percentage of silver and platinum as well. While the US is the biggest retail market for jewelry, India has the largest percentage of the market, with around 25% of all pieces being bought in the country. With its reasonable prices, silver continues to be an enormous part of the jewelry market, and platinum is gaining a tremendous number of customers because while costly, it provides the best durability and beauty that is comparable with gold.

Precious metals play an important part in a wide variety of applications for the industrial sector. Platinum and palladium are integral parts of emission controls for the automotive industry. Gold and silver are used extensively in consumer electronics. Overall, industrial, medical and dental uses account for over 10% of all gold demand.

Investment demand for precious metals drive the availability for each of the other uses. Metals are highly desired investment commodities as traders leverage the high demand that exists with limited availability to drive up prices. With their low supply and high demand, metals make excellent investments with strong profit potential. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

In spite of three weeks of losses as the US dollar rallied against the euro, precious metals broke through this week. The gains came even as the dollar increased to 80.22 on the US Dollar Index. Lacking any driving news, metals appear to be reacting to favorable fundamentals as prices rose. Decoupling from the dollar and rising alongside the United States currency is seen as a good indicator that prices will continue to rise.

The coming week is filled with optimism for investors as well. In spite of the Chinese New Year and a three-day weekend in the United States for President’s Day, traders expect prices to continue moving upward; a Bloomberg poll yesterday indicated 72% of the analysts polled expect prices to stay steady or rise this week. Details of a Greek bailout plan could be a big factor in such a rise.

After tumbling for three weeks, precious metals prices made a strong recovery. Moving independently of the dollar, indicators suggest that the upcoming week could be a good opportunity for investors to make new purchases and profit from any upcoming price increases.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

"Uncertainty... may explain the detachment of gold prices from normally well established currency trading patterns (yesterday)," said an HSBC executive. "How the market assess the aid package may help dictate the path for gold prices near term." The same can be said for silver and platinum, both of which are dropping on today’s markets. At 11:00AM EST, silver had dipped nearly 1.5%, falling 26 cents to $15.35; platinum had lost almost 2%, declining $29.00 to $1,500.00. While the euro lost 0.65% due to the hesitation in the Greek situation, gold slid about .7% to $1,085.90.

"Gold was getting back into the safe haven role, otherwise it couldn't have climbed that far with the dropping euro," said Commerzbank senior trader Michael Kempinski. In spite of gains by the dollar, investors are growing more skeptical about all currencies, meaning that more people are inclined to look at precious metals in the traditional light of a hedge against economic difficulties.

The days ahead are likely to be dictated by lower precious metal prices due to the Chinese New Year and the details coming out of Greece. The market’s view of the aid package may show the direction for metal prices in the near future. While metal prices have eased back, awaiting news on the bailout, gold, silver and platinum appear to be resuming their place as a safe haven asset for many investors. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Gold was the big mover on today’s markets, jumping $23.80 to push past its support at $1,080 and rise to $1,095.60, tantalizingly close to its resistance point near the $1,100 per ounce mark. Silver also performed very well, realizing a 3% climb of 48 cents to $15.64 per ounce and reducing its Gold/Silver Index to 69.66:1. Platinum started the day slow but finished strong, gaining $20.00 to finish at $1,529.00 per ounce. Palladium stayed steady at $418.00.

“Gold is moving along with all of the commodities,” said Adam Klopfenstein, a senior market strategist in Chicago at Lind-Waldock, a unit of MF Global Holding Ltd. “There’s some economic optimism that’s bringing in buying. People want to embrace gold with the overall risk tolerance that is coming back into the market today.”

The US Dollar Index negatively reflected the news out of Europe by opening down at 79.87 and only managing to end at 80.00, a drop of 0.30 for the day as the euro strengthened. The lack of a financial solution in the EU had played to the dollar’s benefit, as it had gained nearly 6 points since early December on the index while its counterparts in Europe struggled.

While the details take shape in Greece over the EU’s assistance and traders in China and Japan are gone for the holidays, it’s possible that precious metals will experience a slight downturn based on lower demand. While this is possible, the expectation would be for a temporary dip and an opportunity for investors who have not taken positions to get in before any sustained rally occurs. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Precious metal prices also began losing demand support due to the upcoming New Year in China and concerns about tightening monetary policies in both China and the United States. While no definitive policy has come out of China, Federal Reserve Chairman Ben Bernanke confirmed concern over the potential for inflation in the US and assured government leaders that there is a strategy to fight it, including increasing interest rates and reducing the monetary supply.

Many analysts are expecting demand for precious metals to decline for the next week on lower demand, but some are expressing optimism for renewed price increases starting the following week, expecting renewed activity based on a Greek bailout plan and resumed precious metal demand in China.

For investors, this “slow period” could represent a good opportunity to increase precious metal holdings on what looks to be a possible demand-based price drop. Investors should analyze market activity and consider taking positions in metals like gold, silver, platinum and palladium. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

While precious metal prices were up, the US Dollar Index turned lower, losing 0.517 to fall to 79.78. This drop was likely in response to the mini-rally by the euro on rumors that fiscal recovery plans for Portugal, Italy, Greece and Spain could be under way. The news that the EU will assist these struggling countries could hinder gains by the dollar and help precious metals due to the view of them as alternative assets.

Analysts were speculating on continued raises in metal prices. James Moore of The Bullion Desk said of gold, “Further chart support is expected ahead of $1,044 in gold. ... Resistance is pegged at $1,073. If gold is able to close above the $1,080 area for multiple trading days, many analysts anticipate another modest leg higher.”

As direction of the market becomes obvious, investors should look to increase their holdings, possibly buying precious metal bullion in some combination of gold, silver, platinum or palladium. Diversifying between the various metals can allow for varying levels of investment and potentially capitalize on the different price movements for each. Precious metals continued their rally today, leaving investors with both gains for the day and hopes for a prolonged rally. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

While analysis of the US jobs data and concerns over debt to GDP ratios in Spain, Greece, Italy and Portugal continued to suppress precious metal prices, metals remained above their 100-day and 200-day moving averages as well as their resistance levels; avoiding a drop below these numbers lessened the amount of sell offs by technical buyers.

Gold prices have remained steady near $1,065 per ounce, silver near $15.15 an ounce, platinum around $1,475 per ounce and palladium just above $400 per ounce. By not dropping below their resistance points, precious metals have steered clear of lower holdings from long-term players such as funds, corporate traders and industrial buyers. The lower prices have also worked to consolidate demand among private investors in advance of an anticipated rally.

With prices currently low compared to support factors, now is a good time to purchase precious metals. Concern in Europe will eventually give way to renewed anxiety over US inflation and debt issues, meaning that precious metal investments, especially gold and silver bullion, could be in line for substantial price increases.

Bullion is generally regarded as a successful hedge asset, protecting investors in times of economic hardship. Investors should be watching market movements and considering the best time to increase precious metal holdings. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Of the three, platinum with its 7% decline and silver were especially hard hit. Silver had been trading low against the Gold Silver Ratio, but fell even lower at over 71:1 on especially violent reaction to the news of gains by the US dollar. This ratio suggests that silver could be in position for a strong rally to bring its prices into a more reasonable range when compared to gold.

Much of this week’s sales were triggered by technical selling that kicked in as the metals hit various sell points. For gold, this was its three-month low, which prompted automatic sales. In addition, continued reports that the dollar is performing well against foreign currency also played a significant part in the resulting price drop.

With many analysts still encouraged at the precious metal prospects, now may be an excellent time for many investors to buy. Those who have recently liquidated positions could be ready to invest, especially those in Gold IRAs or ETFs. Investors should consider adding gold, silver or platinum bullion to their holdings as a short-term move to capitalize on any price increases in the coming days.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Precious metals prices fell across the board today, dropping throughout the session. Gold was especially hard hit, dropping a disconcerting $45 during mid-day trading, while losses by platinum nearly reached $58 per ounce. Overall, gold and platinum losses today totaled around 4%, while silver plunged nearly 6%.

Because of a heightened level of fear-based trading, bad economic news seems to be motivating precious metal investors. While it may be understandable that a stronger US dollar triggers a lower precious metal price, unfavorable unemployment news should have the opposite effect, as bad economic indicators generally make gold, silver and platinum more favorable.

The good news for investors is that emotion can be removed from investment decisions. Turbulent times have historically favored precious metal investment, as people look for protection of their assets and wealth in something that is not based directly on the US dollar. For this reason, metal prices have done well, even during difficult times.

In spite of the bad news in today’s headlines, precious metals have proven to be strong investments during economic turmoil. With prices turning sharply lower today, investors might be wise to consider adding gold, silver or platinum bullion to offset losses and profit handsomely when the prices make the anticipated recovery. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

With only platinum making a gain for the month of January, precious metals posted gains on each of the first two days of February, with gold rising nearly $35 per ounce, silver increasing nearly sixty cents per ounce and platinum soaring nearly $70 per ounce. As news of the President’s agenda broke, the value of the dollar fell nearly a point on the US Dollar Index, signifying the most substantial drop the currency has experienced in over two months.

Limping along on a weak economy and unstable dollar, the United States is risking its financial future with this aggressive spending by the government, much to the chagrin of precious metal investors. Weak economic times have traditionally encouraged people to invest in precious metals, and today’s problems join with high metal demand to make a very appealing combination.

Investors can explore a number of options for creating successful holdings in precious metals. An investor might consider platinum or silver bullion held in combination with gold rare coins, taking advantage of the short term potential of the bullion and coupling it with the long term stability of the certified coins. As the US government chooses a risky path for economic recovery, investors can find excellent potential returns with gold, silver or platinum bullion and certified rare coins. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Buyers of physically held metals have been watching as the dollar gains strength against weaker currencies in Great Britain, Greece, Portugal and other countries; these currencies have struggled as their countries battle increased financial weakening due to the credit crisis and debt concerns. Speculators and fund managers are taking advantage of hesitancy in the precious metal markets to add to their portfolios.

On Monday, the gold fixing in London stood at $1,082.00, while silver was at $16.25, platinum at $1,517.50 and palladium at $418.25 per ounce. These prices represented increases of between 0.2% and 1.0% for each metal.

As the Dollar Index corrects, the dollar is unlikely to be able to support its gains long term. The US economy is still in a mess and the burden of the additional money being circulated due to government subsidies will likely end up devaluing the dollar, making precious metals more desirable in the process.

With prices falling to a point where high demand will not allow them to stay, metal prices are primed to rise. Investors can look to gold, silver and platinum bullion as strong short term investments, while gold and silver certified rare coins offer potential as longer term holdings. With the dollar reaching the probable end of its strengthening, precious metals markets will be encouraged by savvy investors and bargain hunters who sense the opportunity to get in as prices rise. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

For the month, gold fell approximately 2.3%, with silver dropping 4.1% and platinum down as well at 3.1%. This sudden jump in the dollar is generally believed to be the result of concerns over currencies in countries like Greece, Portugal, Spain and Great Britain, where the monetary systems are struggling even more than the US dollar.

While these losses by precious metals are noteworthy, many economists consider them to be short term. The economic conditions in the US are still dismal and any progress created with the governmental bailouts and stimulus packages falters as the plans end. In addition, the government has added billions in new money to general circulation and trillions to the national debt; the impact of these decisions will soon be felt and will make their presence known for years to come.

While the economic news is troubling, the outlook for precious metal investors is good. As the value of the US dollar corrects, many believe that a new run on precious metal prices will follow. Investors who are liquid should follow the trends and look to increase positions in bullion and rare coins before any increases come.

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Danny Burns

Senior Staff Writer - Precious-Metal.org

After years of believing that precious metals and the dollar react against each other, why would things be so much different today and how does that help the investor in gold, silver or platinum?

First, metals appear to have entered some sort of a correction period. The gold spot price has lost between $125 and $150 per ounce against the all-time high of late November, and both silver and platinum have seen broad price swings as of late. The factors that will likely help turn prices around for metals are still in place and many analysts are still looking for a strong period of growth that could easily eclipse the previous high.

Second, the dollar is still an attractive currency in spite of its problems. A large number of foreign investors have been returning to the dollar since currencies in Greece, Portugal, Italy, Spain and other countries are even more unfavorable. This confidence is keeping the Dollar Index slightly elevated and leading to increased activity.

With prices corrected downward, now could be a very good time to invest in precious metals, even if the dollar is rising. The key is to proceed slowly as trading is increasing and volatility has been more drastic. For investors who are looking ahead and making early buys and sells, this time could be a great opportunity to take new positions in the precious metals markets. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

Palladium prices peaked near $1,100 per ounce in early 2001 as investors speculated on demand from the automotive industry. Since then, supply has basically kept up with demand as the Russian government liquidates a stockpile it accumulated during the Soviet Era, leaving the metal with a its current spot price of around $425. It is unknown how much of this stockpile still exists, although that information could lend a clue about the next big climb in palladium prices.

Palladium has been minted by a number of countries, including Canada, the Soviet Union, France, Portugal, Russia, China, Australia and Slovakia. Not coincidentally, Russia has minted the most palladium bullion of any country.

Buying palladium is just like any other precious metal investing, with the exception that supply is currently affected by the Russians. As their stockpile runs out, it is highly possible that demand will exceed supply, sending prices upward. Precious metal exchanges are an excellent source for palladium bullion, although it is a good strategy to research a company to ensure you are dealing with a trustworthy source for your bullion needs.

In precious metal investing, palladium is discussed less than gold, silver and platinum, but it is still a highly valuable commodity and a potentially strong commodity to own. Investors looking to expand their portfolio should consider palladium bullion. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

The central bank in China singled out several large Chinese banks, requiring them to raise their reserve ratios to cover excessive lending and instructing them not to issue new loans in certain cases. There has been fear in the United States as well that increased banking restrictions would dry up funds that might normally be used to invest in new projects, thereby slowing the recovery even more.

While some precious metal investors initially reacted negatively, the general school of thought is that tightening bank restrictions could benefit precious metal prices. Although gold and silver dipped almost one percent and platinum tumbled nearly two, this appears to be a reaction based in fear. Tightened lending means that governments are still afraid of the state of the worldwide economy and their concern is starting a period of hyperinflation. With the economic crisis not even solved, it is possible that these are attempts to prop up falling currencies, or in China’s case, a potentially failing economy; the situation falls neatly into the conditions that benefit precious metals investment.

While precious metal prices have fallen in response to banking decisions in China and the US, the long-term outlook appears to favor further price increases in gold, silver, platinum and other metals. Investors holding bullion or certified coins are wise to hold or add to their portfolios if they believe these lending concerns will lead to higher prices. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

The general consensus among economists is that market still supports the price of precious metals. High demand has coupled with a continued weak dollar and stagnant supply to keep gold, platinum and palladium price high. With its price support, many are viewing the recent gold price drop of $50 per ounce in the third week of January as a cyclic event much like the correction occurred in June 2009. After reaching its high of nearly $1,000 at the time, the price corrected to almost $900, then began a six-month climb that lead it over $1,200 per ounce.

Some analysts also see the prices of platinum and silver as part of a cycle. Platinum prices have recently been around $1,550 per ounce and silver around $19.00; both have experienced some recent volatility as profit takers get out, but the trend for both seems to still be moving upward.

For investors who are ready to get in, now appears to be an excellent time. Gold is $125 an ounce below its all-time high from December and appears capable of moving again, as do silver, platinum and other metals. The uncertain economic indicators of today make the stability of investing look very appealing, especially in the light of reduced precious metal prices.

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Danny Burns

Senior Staff Writer - Precious-Metal.org

Platinum has two qualities that make it well known; its scarcity and price. Platinum is used in emission control systems for cars and the creation of jewelry. It is extremely rare and its current spot price is over $1,500 per ounce, making it one of the most expensive elements; this combination of rarity and demand suggest that it will continue to be a highly popular investment vehicle.

Palladium, though not quite as rare, is also a very attractive investment. Palladium is alloyed with other metals and is used in a number of electronics applications. This metal is difficult to find and for this reason, its price has risen to over $400 per ounce.

Gold and silver are two of oldest precious metals commodities. Traded for thousands of years, each has a wide range of uses, including being traded as an investment option. Because it is more common, silver is only trading around $20 per ounce, while gold is garnering prices near $1,150 per ounce. High demand will make both of these metals excellent investments for years to come.

The types of precious metals traded offer strong investment options to a large number of traders. Investors who want to expand their portfolios can trade in precious metals options, rare collector’s coins or gold, silver and platinum bullion. Desired for thousands of years, these metals continue to represent strong investments for people today. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

Bullion, both coins and bars, are frequent investment vehicles in gold, silver and platinum. Gold, for example is produced in a number of countries worldwide. To create bullion, bulk gold is melted down and the impurities are removed so that the metal achieves the desired fineness. Blanks are then stamped and then these are either pressed, as is the case of coins, or incised, as with bars. Each of these is then noted by images on coins or with company name, weight and fineness on bars.

Precious metal processing is not only concerned with design, but with quality as well. Gold content in bullion ranges from 90% gold in the French Rooster and Austrian Corona, to 99.99% gold in the Canadian Maple Leaf and Johnson Matthey gold bar. These latter pieces are extremely fine and only the minimum amount of alloy necessary is added to process the gold. These coins and bars are more valuable than the ones with lower gold content, and their prices reflect the difference.

Thanks to high quality precious metal processing, bullion is not only beautiful, it is a very valuable commodity to hold. Investors looking to ensure that they purchase the finest quality bullion should look to a gold exchange for the best coins and bars in gold, silver and platinum.

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Danny Burns

Senior Staff Writer - Precious-Metal.org

While physical gold and silver are considered safe-haven assets, futures contracts, precious metal stocks, and exchange traded funds (ETFs) are more speculative because they do not involve physical metals being stored by the purchasing party. Economists believe that precious metals futures will continue to gain value in 2010 as our economy relapses into the second part of our current recession, so if you are seeking profits that could be taken within the next year then you may want to buy a precious metal futures contract now.

However, if you are more security-oriented than you are interested in making profits relatively quickly, you might want to stick with physical possession metals instead of futures contracts or other speculative precious metal derivatives. Bullion bars and coins, as well as certified coins, are preferable for most US investors who simply want to store a portion of their wealth away from the grasping hands and prying eyes of our government’s tax advisors. To get a better grasp on precious metal futures or to alter your position in the precious metal market, call us directly or get your information fix below by means of our award-winning precious metal tutorials. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

Today’s precious metal rates are slightly higher than yesterday’s closing levels because the US dollar has taken yet another hit against a handful of other major currencies. The continued decline of the American greenback could mean higher prices for precious metals and other commodities that are priced in dollars, so if you believe that the US Treasury will keep running the printing presses like they have throughout our recession then you may want to hedge your portfolio’s current holdings with physical possession precious metals.

If you plan on holding your precious metals 1-14 months, precious metal rates and spot prices will be of special interest to you. Bullion products are most advisable for short-term holds, and bullion prices vary depending on the current spot price of the metal. Bullion products carry a nominal (2-8%) premium over the live spot price of a particular metal, and the most popular bullion investments are the American Eagle coin series and the Credit-Suisse bullion bars.

Certified coins also move with precious metal rates, although certified gold and silver tends to be a bit more profitable than raw bullion for long-term investors. If you are looking to privatize and secure your wealth over the long-term, certified precious metals may be more appropriate for your portfolio. Give us a call or email us today to learn more about roving precious metal rates, or register below for one of our free, award-winning investment guides. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

The precious metals industry continues to benefit from strong prices and overwhelming demand as it sees increasing prices. These factors not only help mining companies and precious metals processors, but it continues to drive the profitability of the entire precious metals industry.

Precious metals like gold and silver were once mainstays in the production of coins for the monetary system. At different times in the history of the United States, the country implemented first a silver standard, and then a gold standard. Both metals have experienced strong growth in the past decade, with values that have nearly quadrupled during that time.

Platinum and palladium are both precious metals that have seen recent success. Fueled by increased demand, especially in the technology sectors, these commodities have also helped to spur the precious metals industry. The price of platinum has soared to nearly $1,600 per ounce and has drawn increasing interest as an investment vehicle from a growing number of people.

With the ongoing worldwide economic crisis, precious metals have steadily increased in value, and they appear to be primed to move even higher, with increasing demand, shrinking supply and skyrocketing production costs. Some analysts envision scenarios where gold could rise well above its all-time price of $1,226 per ounce.

While faced with the pressure of locating additional reserves, the precious metals industry is still operating in a very favorable time. Investors should continue to monitor gold, silver and platinum prices, looking for the best times to buy and sell precious metals. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

As the world economy continues to struggle and national banks look to lessen their reliance on the US dollar, precious metals values continue to rise. Silver, gold, palladium and platinum have all reflected the strength to continue the success of the past decade.

Gold has been the most closely monitored of precious metals values. Gold has experienced great success over the past ten years, with some analysts referring to it as the most outstanding investment of the decade. Values of this metal have quadrupled since 2000.

The outlook for precious metals values in 2010 is still very positive. As central national banks worldwide begin to add gold reserves to protect against currency devaluation, availability of precious metals has dwindled while mining costs have soared. This increased demand and reduced supply suggests that additional price increases will occur.

What does this mean to investors? Higher costs and demand, combined with lower supply suggests that precious metals values will continue to rise. In the case of gold, prices of bullion are more affected by spot price increases, meaning a short-term strategy might include adding bullion to one’s portfolio. With some analysts predicting prices as high as $1,350 per ounce, 100 ounce purchased now would return over $20,000 in one year if that number were accurate.

Precious metals values have a strong possibility for strong gains. Investors who are looking to diversify their portfolios should contact precious-metal.org and speak with a specialist. Part of the Certified Gold Exchange, the company has the experience to help an investor make decisions on how to best profit in precious metals. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

International precious metals just finished a decade of strong performance and are poised to take that success into the next decade as well. Led by gold and its nine year bull run, precious metals have provided a strong investment vehicle that still appears to have legs for further running.

Gold’s performance has been nothing short of impressive. For the decade, gold has increased nearly 300%, starting its run in positive economic times and ending the decade with a financial crisis fueling its success. Gold minted by countries throughout the world has performed well in bullion, with the spot gold price hitting its all-time high and top grade collector’s coins reaching into the millions of dollars.

Several factors are pushing the optimism for gold and other precious metals forward as well. Central banks have become net buyers of gold, meaning that they are looking to add to their reserves. In addition, many have moved away from hedging, which in a sense says that they see gold prices increasing.

The United States dollar is no longer a strong investment for many banks and countries. This means that gold and other precious metals will likely be held not only as an investment, but also as a hedge against inflation.

With significant minting of such coins as Canadian Maple Leafs, Australian Philharmonics, Austrian Coronas, Chinese Pandas, French Roosters and South Africa Krugerrands, international precious metals come from a number of sources for delivery worldwide. Precious metal prices have investors excited and appear primed to rise in the near future. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

There are a number of elements that qualify as precious metals, such as gold, silver, platinum, palladium and others. These are rare elements in the earth, making them expensive commodities to purchase…this also makes them attractive investment tools. Gold is currently hovering around $1,125 per troy ounce, platinum coming in at $1,550 and the more plentiful silver having a price near $20 per ounce.

Because gold and silver have long been accepted as tradable commodities, they are widely traded. Silver and gold bullion spot prices reflect their trading price, with commissions, fees, shipping and other possible charges being added on top of that price. There is no uniform pricing for markups, so it is important to review the terms and conditions of an exchange before buying.

Precious-metal.org is an example of an excellent precious metal exchange. With a proven record of service and a spotless A+ rating with the Better Business Bureau, the company has a superior reputation. In addition, the company charges commissions that range from 5.5 to 7.0 percent, with no charge for shipping on minimum orders or sales of quantities previously bought there.

Why invest in precious metals? High demand, secure investments and strong profit potential, that’s why! In addition, dealing with a company like precious-metal.org makes investing safe and affordable.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

For the past decade, investing in precious metal bullion has been a very profitable endeavor. As demand and economic conditions made metals very lucrative, investors who purchased precious metal bullion reaped the benefits. Economic uncertainty and bad policy decisions have made precious metal bullion look like a promising investment moving into the next decade as well.

While bullion is minted for several metals, the most common of all precious metal bullion is gold and silver. Silver is more readily available and its bullion prices are much lower. Gold is scarcer and its prices reflect that fact, ending 2009 around $1,100 per ounce after reaching its all-time high at over $1,226.

The price of precious metal bullion has been positively affected by continued economic instability, a condition that has continued into 2010. In addition, the United States and other countries have weakened the strength of their national currency. In the case of the US dollar, this can frequently have a direct on the price of precious metal bullion. Over the past decade, gold has nearly quadrupled and silver has more than tripled. With the US dollar still struggling and dim prospects for a quick economic recovery, the strength of precious metal bullion appears ready to continue, a belief supported by a growing number of market analysts that are predicting new record highs during 2010.

Investing in precious metal bullion can be a great source of comfort during difficult times and a potential profit maker as well. Investors, seeing the current fiscal difficulties throughout the world, find encouragement in commodities such as gold, silver and platinum. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Investing in precious metal bullion has been extremely profitable for many people. Because they are rare, precious metals have a great deal of value to investors. With gold priced near $1,100 per ounce and platinum at approximately $1,500 per ounce, there is a strong investment market for these and other metals. For this reason, precious metal bullion can be an excellent profit making asset.

The key to investing in precious metal bullion is considering a strategy that meets your budget and long-term objectives. A person that doesn’t have a large pool of available capital can start by investing in silver, which costs much less than gold or platinum. Investors with greater available sums may choose gold, with a worldwide acceptance and ten year growth trend that has increased its value nearly four-fold. In either case, precious metal bullion provides an investment vehicle that has a proven track record and is in great demand.

Any plan to invest in precious metal bullion should be done with the help of a precious metal exchange, such as precious-metal.org. This company has a long, successful history and a superior track record of customer service. Precious metal bullion has the potential to be a strong investment commodity and working with an exchange such as precious-metal.org can make the process of trading it go smoothly as well.

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Danny Burns

Senior Staff Writer - Precious-Metal.org

Gold, silver, platinum and other metals have been excellent investments during the past decade. Gold is a perfect example with a value that is nearly four times its price at the start of the 21st century. While the stock market has been erratic and other commodities have performed poorly, investing in precious metals has been a strong move for many people.

The forecast seems to indicate that investing in precious metals has great potential in 2010 as well. The US dollar has been severely weakened by tremendous government spending and shaky industrial output, and the global economy trudges along hoping for signs of a recovery. In the past, times of financial uncertainty have fueled metals prices, suggesting that the plan to invest in precious metals could still be very profitable going forward.

Ongoing wars, devastated business sectors and rampant government spending form a triad that is favorable for investing in gold and other metals. Investors should monitor the economic events and then look to invest in precious metals as they see the opportunity become available.

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Danny Burns

Senior Staff Writer - Precious-Metal.org

Price changes in any commodity do not follow a smooth pattern. The condition called volatility accounts for the frequent rise and fall of prices. These changes can occur over a period of days, hours or even minutes. In theory, an investor that buys when the price is lower, and then sells as soon as it increases realizes a profit. If this occurs a number of times, the profit multiplies. In theory, precious metals trading operates in this manner.

For example, an investor buys one ounce of gold today at $1,000. If he holds it for one month and the price is $1,000 when he sells it, there is no realized profit. On the other hand, if the investor purchases the same $1,000 ounce of gold and the price rises to $1,200, he can sell, making $200. If the process repeats twice but ends the month at $1,000, the investor has made $600 over the month. Precious metals trading has made this person a profit, even though the price was the same at the beginning and end of the month.

While there is a potential for profit, precious metals trading also has greater risk than long-term investing because of the volatility. For this reason, a person involved in precious metals trading needs the assistance of an experienced company to handle investments. Precious-metal.org offers the expertise that serious traders want with superior customer service. Whether making long-term investments or short-term precious metals trading, the company is capable of providing excellent support to all of its clients. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

Gold has been the big gainer in precious metal prices with an annual increase of approximately 25%. This rise has been attributed to both demand and continuing economic factors that work in gold’s favor. As the US government initiated billions in new spending, the flood of new money weakened the dollar, allowing the price of gold to rise.

The 2010 outlook for gold and other precious metal prices is favorable as well, with gold futures rising on speculation of inflationary pressures in US financial sectors. The US Treasury hinted in December of possible interest rate increases, a move that can stimulate growth but can also raise inflation. News like this has caused some analysts to speculate that precious metal prices for gold could be back in the $1,200 range by January and possibly as high as $1,350 later in 2010.

Many people see gold as a currency hedge. Physically held gold can protect an investor when inflation sets in and precious metal prices begin to rise. In the event of a major financial crisis, this gold can even be used as an alternate currency, offering greater security to the investor.

With the specter of inflation looming and gold and other precious metal prices rising, the market for gold, silver, platinum and other metals has the potential to be strong again in 2010. Investors should utilize sources such as precious-metal.org to monitor trends and to make any necessary adjustments to their precious metal holdings.

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Danny Burns

Senior Staff Writer - Precious-Metal.org

Holding physical precious metals means that an investor actually takes delivery of gold, silver or other metals as opposed to buying metal stocks, futures or IRAs. While this requires the investor has the commodity “in hand”, it is a known quantity and he has it at his disposal to move as he sees fit.

Two advantages of holding physical precious metals are liquidity and, in the case of rare gold coins, protection from confiscation. Gold bars or coins are considered to be highly liquid commodities. In many countries, gold is viewed as a de facto currency, and many people will accept it as payment for goods or services.

Physical precious metals also have a historical precedent for security from government intervention. Twice in the history of the United States, the government introduced a buy-back program on gold, forcing people who owned it to sell it back as a way to replenish the national treasury. Only people who held rare collectable coins were allowed to keep them.

Physical precious metals make buying and selling easy, provide an alternative money source in desperate times, and can provide protection from government intrusion. If a bird in the hand is worth two in the bush, the American double eagles in an investor’s safe can be worth more than metals futures and the paper they are printed on during uncertain times. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

With the recent strong performance of metals such as gold, silver and platinum, it is hard to imagine the need for a precious metals recovery. Gold is up 125% over the last five years and 380% over the last decade, and other metals have increased as well. In spite of this, gold prices in 2008 barely broke even and some analysts feared 2009 would suffer as well.

2009 showed that the global economic crisis couldn’t hold investment down, when it finished with an increase of 25% for the year and smashed the all-time high price by reaching $1,226 per ounce. Gold led the precious metals recovery in 2009 and looks poised to lead the way in 2010 in spite of a December sell-off that pushed gold below $1,100 an ounce and led some to predict its impending collapse.

After this year-end adjustment, gold appears ready to spur the precious metals recovery to the next level in 2010. With the continued weakness of the US dollar and the billions of federal money that was flushed into the economy, inflation concerns are creeping into the picture. Inflation drives the value of the dollar down, thus pushing the value of gold up, making it worth even more.

2008 proved to be a lean year for metals, but rebounded nicely in 2009 with gold leading the precious metals recovery. After an up and down month of December 2009, the outlook heading into 2010 appears once again to be very bright. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

The mining company, American Sierra, and its unnamed partner are beginning exploration of the Discovery Day Gold property in January 2010 and hope to begin mining gold and other American precious metals from the site before the end of the year. Operating under the name of Gold Run Enterprises, the partnership is hoping to develop both long and short term operations in what is known as some of Northern California’s richest areas.

While the US has hovered near the world leaders in gold and other minerals, the American precious metals business relies on new discoveries to survive. Some of the ore that is extracted is used for jewelry or technical purposes, although much of it is mined to be stamped into coins or molded into bars for investing. With the soaring prices of the gold market, the metal is very desirable and in short supply

Companies like American Sierra and other mining operations are hopeful that they can capitalize on the high demand for gold and other American precious metals. This versatile metal is not only beautiful, but it is durable and useful for a wide range of products, making it a widely sought-after commodity, both in the United States and abroad.

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Danny Burns

Senior Staff Writer - Precious-Metal.org

Like stocks, the prices of precious metals can experience swings and a savvy investor can profit from these changes. During the one-year period that ended in February, 2008, large-cap growth funds in the stock market only realized a one percent increase, while precious metal funds were up nearly forty-three percent. The difference is still impressive when compared over a five-year period that also ended in February, 2008, with precious metal funds enjoying a twenty-five percent increase against ten percent for large-caps.

The key to investing in precious metal funds is timing. More volatile on the average than stocks, rising prices in precious metals are usually indications of the weakness of the dollar; over long periods of time, sustained growth and prosperity can hurt the price of precious metals. Precious metal funds allow investors to be diversified over a variety of metals, and fund managers can provide expert advice to maximize profits

The good news for investors is that current conditions favor investing in precious metal funds. The weak dollar and unstable economic conditions have provided perfect investment opportunities in gold, silver, platinum and other metals.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

The future of the precious metals market continues to look extremely bright. Economic variables are currently in place that historically have worked in favor of gold, silver and other precious metals. Gold, for example, has a tendency to track inversely to the fortunes of the US dollar. With the dollar in a weak position, gold continues to do very well, setting record prices. This trend is not considered over, and some investors see 2010 gold prices reaching $1,350 per ounce or higher.

Future prospects create more sources of optimism for investment managers that specialize in the precious metals market. As billions of dollars worth of new money has been flooded into the US market, many argue that inflation is likely to return. As inflation causes soaring prices for goods and services, the value of the dollar falls and the price of gold climbs.

As the conditions occur and develop, demand for gold continues to grow. Coupled with the global economic picture, and the weakened and bloated value of the dollar, the price of gold and other metals will continue to rise. Savvy investors continue to pay attention to the signs and find opportunities in the precious metals market. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

Called the Moto mine, the cost of developing this mine could reach as high as $500 million, with construction lasting until it comes online with a projected start date in 2015. The Moto mine is part of the Congo Craton, a section of the continent that represents the last sizable gold-producing area to be explored. As worldwide gold mining continues to decrease, this area represents one of the regions most likely to provide new deposits.

With gold prices hovering near their all-time high, exploration of new sites promises the greatest potential for continued expansion. Worldwide needs continuing to outpace production, meaning that prices for gold will likely remain high. As demand drives supply, new sources are need to be discovered. This will continue to place great emphasis on the war-torn Congo and other parts of central Africa

Gold demand is still incredibly high; investors continue to seek it for profit and asset protection, and growing technological demands make gold mining and exploration critical activities for both the short and long term. Finds such as the Moto mine in the Congo Craton offer hope for continued discovery of this necessary and highly coveted natural resource. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

History has shown that investors flock to buy precious metals and other privately held, hard assets when times are tough, and today’s investors have kept this pattern alive by supplementing their portfolios with gold, silver, and platinum. Some investors never previously felt the urgent need to hold physical possession precious metals, and our current recession has changed the minds of many of these individuals.

Although the credit crunch and mortgage crisis make this particular national financial dilemma much worse, massive fears over dollar inflation were last seen in the late 1970s when the United States began piling up debt at a scary clip. Our economy entered into a recession, which provoked a long-term hyper-inflationary cycle, from which many investors never recovered. Many savvy 1970s investors decided to buy precious metals, and some of these investors made over 1000% during that cycle.

Nobody knows if gold will continue to rise as it did in the 1970s cycle, which is a very similar situation to today’s, so look into the historic trends and speak with a qualified specialist from a reputable gold exchange. Contact Precious-Metal.org if you have questions about the precious metal market, or feel free to take advantage of our free investment tutorials provided below. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

Precious metals investing should be done through a reputable dealer that is willing to deliver your investment to you. Reputable companies are defined as companies with Better Business Bureau (www.BBB.org) ratings of A or better. An A+ rating is preferable, and check the complaint history at the BBB for companies who have one or fewer complaints. A good reputation is vital in the gold industry, so run a Google or Yahoo search for a reputable gold exchange and see what comes up.

Don't invest in precious metals based on what a celebrity sponsor has to say about a particular brokerage. Gold dealers that employ celebrities to push their products sometimes charge as much as 15-20% more than a truly reputable gold exchange. If you want to make a donation to your favorite radio or television host, invest with a company that utilizes hyper-advertising campaigns and soothsaying celebs.

Precious metals investing is best facilitated by a broker who listens to your specific financial situation and worldview on current economic affairs. If you contact a precious metal broker who has more interest in pitching a particular product than asking questions about your investment needs and goals, your search for a reliable precious metals exchange should continue.

Don't invest in precious metals with a company that employs commissioned brokers, because there is a good chance that the broker’s personal greed could influence the level of success or failure of your investment. Contact an exchange that uses friendly, non-commissioned experts, like the Certified Gold Exchange or one of our nation’s other major exchanges.

Now you’re adequately prepared to choose a precious metal exchange and fortify your portfolio, and if you would like some printed material on the precious metals market, simply sign up below. The 2010 Insider’s Guide to Precious Metals Investing is an award-winning tutorial that has helped many investors just like you to protect and grow their wealth during these unstable times. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

While the gold spot price has risen every year since 2001, and recently set a record per-ounce value of $1227, not every gold-“based” American precious metals investment is a good idea for security-oriented investors.

Gold derivatives, such as gold stocks and exchange traded funds (ETFs), rarely offer gold that is specifically allocated to you, so you could find yourself unable to take delivery of physical gold that you own on paper, should another national financial emergency “emerge”. Additionally, impending audits of companies who issue these certificates could reveal that they own an insufficient amount of gold, which would invariably reduce the worth of these shares immediately and dramatically.

Some investors have opted to become shareholders in gold mining companies, because some of these companies have had some profitable quarters recently. However, shares of these companies do not track the gold spot price that is listed by the COMEX, which is what most investors are familiar with. Labor problems, operation issues, and shortfalls in production could hinder mining companies from producing ore or dividends.

By buying American precious metals and taking physically delivery of those hard assets, you can gain peace of mind and fortify a vulnerable, undiversified portfolio during these belt-tightening times. Contact PreciousMetal.org or register below for the 2010 Insider’s Guide to American Precious Metals. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

Many investors prefer to purchase precious metals every December because it allows them to store a portion of their wealth privately before the New Year arrives. These investors employ this “use it or lose it” technique with their surplus funds in the final stretch of the fourth quarter, so precious metal spot values generally rise quite a bit just before the ball drops each new year.

You can track precious metal prices at www.GoldPrice.net, or you can register at the end of this article for free information and live quotes on the most heavily targeted gold, silver, and platinum, products. The gold spot price at 11am EST was $1128.30, and this is a $1.90 (0.2%) repression from the trading session’s opening values. COMEX-approved silver was selling based on a $17.38 spot price, and this is a reduction of $0.02 so far today. Platinum was valued at $1442 at the time this entry was written, which is $6.00 lower than the market’s opening levels.

Contact Precious-Metal.org through our secure email server or through our toll-free help desk, or simply register below for more information on precious metal prices and the rapidly-moving precious metal market. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

Precious metals were widely used as currency until paper IOUs started to replace the physical metals in most countries around the world, and many investors have successfully cornered the gold, silver, and platinum markets for profit and security throughout our current recession.

Physical possession precious metals are sometimes utilized for short-term profit-taking ventures, while other investors prefer to hold their precious metals for a longer period of time as a means to privatize their wealth and empower themselves financially in the event of a national economic disaster.

Investing in precious metals has not become a mainstream decision because many investors and economists want to promote dollar-backed assets like stocks, bonds, and cash accounts. By vesting funds in these types of assets economists believe that investors could ease our nation’s financial problems, but many investors have seen our government’s willingness to help big business before individual American citizens and decided to take their finances literally into their own hands.

While precious metal prices have risen steadily over the last few years, no one knows for sure what spot values will do in 2010. If our economy and currency falters further, then precious metal prices will likely continue to rise. If you would like to supplement your portfolio’s current holdings with physical possession precious metals, contact Precious-Metal.org directly or take advantage of our helpful precious metal investment guides below. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Gold, silver, and platinum Eagle coins have been released by the US Mint every year since 1986, and these bullion coins are widely used as short-term investments for both inside and outside retirement accounts. Platinum is a bit more speculative than gold and silver right now, because a large percentage of platinum’s industrial utilization is in the failing auto industry.

Long-term investors are advised to weigh the pros and cons of the American Eagle Proof coin, because Proof Eagles are the only government non-confiscatable items permitted within retirement accounts. Proof Eagles are available in gold, silver, and platinum, although it should be noted that the US Mint recently announced on their website (www.USMint.gov) the suspension of American Eagle coin production, and no one in the industry knows how long it will be before the manufacture of new coins resumes.

If you would like to hold physical gold for a long period of time without worries about confiscation or an influx of new coins onto the market, you may do better financially with certified precious metals. Some pre-1933, US gold and silver coins are still in Uncirculated Mint State condition, and investors use the coins (such as the $20 Saint Gaudens gold coin, the $10 Lady Liberty gold coin, and the Morgan Silver Dollar) for long-term wealth preservation and growth.

To learn more about the best performing items in the above precious metals list, or to get more information about any other type of precious metal investment, contact Precious-Metal.org directly through our toll-free help desk or our secure electronic email server. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

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

The gold spot price is presently at $1129 on the COMEX division of the New York Mercantile Exchange (NYMEX), and silver is selling for $17.33 per ounce on this same exchange. For live precious metals prices and the latest information on the gold and silver markets, register below for the 2010 Insider’s Guide to Gold and Silver Investing.

A precious metal recovery trend began in 2001, when silver was at $4 per ounce and gold was hovering just above $250 per ounce. Eight years later, the gold spot price has elevated 450% and the silver spot price is up almost as much. Despite a large pullback over the last few days, gold is still up 39% for the year, and silver is up an astounding 70% in the last 365 days.

However, most safe-haven asset-seekers are looking toward gold as their security hedge, because silver is somewhat more speculative at the moment. For more information on the current precious metal recovery, as well as short and long-term outlooks for silver and gold, contact GoldSilver.org directly or register below for the 2010 Insider’s Guide to Gold and Silver Investing. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Here are some of the basic “do’s” and “do not’s” of precious metals investing. If you want to maximize your chances of making a successful investment that could protect and grow your wealth, you will do well to remain within these parameters.

DO PRECIOUS METALS INVESTING with a reputable exchange that is willing to ship your investment to your door. A reputable company is defined as a company with a better Business Bureau (www.BBB.org) rating of A or better, and an A+ rating is preferable. Companies should have one or fewer complaints, because reputation is the cornerstone of the gold industry.

DON’T DO PRECIOUS METALS INVESTING based on a celebrity endorsement or sponsorship. Firms that employ celebrities to hawk their products typically charge 15-20% more than fair market value for precious metals, so investing with these companies is similar to putting more money directly in the pocket of your favorite radio or television personality.

DO PRECIOUS METALS INVESTING with a broker who listens to your concerns and investment goals. If you contact a precious metal broker who just wants to shove a particular product down your throat, run, don’t walk, the other way.

DON’T DO PRECIOUS METALS INVESTING with commissioned brokers, because their personal agenda could easily influence the outcome of your investment. Contact one of the nation’s dealer-to-dealer trading platforms, such as the Certified Gold Exchange, for assistance from friendly, non-commissioned experts.

Now that you have a few crucial pointers under your belt, request your choice of the free precious metal investment tutorials below for further information, or contact Precious-Metal.org directly to have your specific questions answered. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

The spot prices for gold, silver, and platinum are listed by the COMEX on the New York Mercantile Exchange (NYMEX), and you can track these roving values at www.GoldPrice.net. Gold was down 2.6% today to $1179 per ounce, but the yellow metal is still up 6.5% in the last 30 days. Silver fell below the $19 plateau yesterday, and that metal is currently trading based on a spot value of $18.69. Platinum has not only suffered because of the strengthening dollar but its widespread use in the failing automotive industry has hurt projections. Platinum is presently valued at $1445, which is a $37 decline for the trading day.

Major gold exchanges like the Certified Gold Exchange offer lower precious metals prices because financial institutions conduct their business with these entities. Once an institution locks in on a product and price, household investors can sometimes take advantage of the large-volume trade by having their order attached at the discounted price. Successful financial conglomerates have been purchasing gold since 2001, and the top technical analyst for Merrill Lynch even said that gold was “the buy of a generation.”

If you want to enter the precious metals market while spot values are in a “valley”, it may be wise to make your investment now. Projections for 2010 are looking bullish, so today’s pullback could be the perfect reason to get started in the precious metals market. To learn more about this exciting market, request one of our award-winning investment brochures below. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Those were two of the most dismal seasons on record, and there has also been widespread speculation that 2010 could be the beginning of the second stage of our recession. With the light at the end of this financial tunnel seemingly nowhere, it is no surprise that so many investors have decided to utilize gold and silver to protect their remaining assets.

Gold spot prices have been driven to new all-time highs throughout the last two months, while silver and platinum have steadily risen as well. Precious metals are not the only commodities that have done well in recent years, but investors prefer precious metals because they are not cumbersome or impractical to store privately.

Precious metal spot prices are available at www.GoldPrice.net, and you can learn more about the precious metals market by calling our help desk or requesting our 2010 Insider’s Guide to the Precious Metals Market below.

At 5pm EST, gold was trading on the COMEX division of the New York Mercantile Exchange (NYMEX) for $1209.90 per ounce.

On this same exchange, silver was valued at $18.88 per ounce, and this represents a $0.33 reduction for the trading day.

Platinum is by far the most speculative of these precious metals because of its key use in many struggling industries, but this white metal has increased steadily in 2009.

For live quotes on the most popular products traded on the precious metals market, call our live quote line or request one of our award-winning investment brochures below. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

These investors should carefully investigate any precious metal stock offering before vesting assets, because there may be substantial risk involved that is kept “hush-hush” and swept under the table by most in the market.

There are many exchange traded funds (ETFs) and stocks that are supposedly based on physical precious metals, but many of the companies who issue these promissory notes may not actually own the physical gold necessary to fulfill their obligations in a national financial emergency.

Precious metal stocks could most likely drop to a value of ZERO if government or independent audits find discrepancies between the number of a company’s gold shares and the amount of physical gold that the company shares. If gold shareholders discover that his or her shares are not really backed by precious metals, then it could already be too late to liquidate those “assets.”

Audits should be conducted on gold and silver stock issuing companies immediately, according to many gold market watchdogs. It is widely believed that substantial deficits could exist between the paper gold claims of a company and their physical gold.

Market analysts have admonished investors to take physical delivery of their precious metals and to store them privately or in a nearby safety deposit box, because liquidity and volatile fluctuations are much less of an issue when you control your investment.

If you have noticed that there are a wide range of gold investments and derivatives, contact Precious-Metal.org directly for the facts and to find out which type of gold investment is right for you. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

At 1pm EST, gold for December delivery was trading at $1199.80 per ounce on the COMEX division of the New York Mercantile Exchange (NYMEX). Although considered a “piggy-backer” by many economists because of its speculative qualities and high utilization in the automotive industry, platinum has posted a gain of $26 per ounce so far today. Silver has decided not to be left out of the current rally, as evidenced by the affordable white metal’s climb above $19 per ounce for the first time in more than a year.

Projections are for precious metal values to rise in 2010, because US currency is expected to weaken by another 12% and demand for safe-haven assets is expected to increase until the worst economic period in US history since the Great Depression eases. This could be years away from happening, so if you believe that your portfolio could benefit from precious metal fortification, email or call us for the best information on the precious metal market, which we can send electronically or right to your door. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Investing in gold instead of silver and platinum has been a popular decision for investors throughout our recession, because both of the white metals are somewhat speculative at the moment. Although some investors have seen profits with platinum and silver lately, the high industrial use of these metals makes them slightly less attractive than the yellow metal.

Keep in mind that there are two types of precious metals that investors utilize. Bullion bars and coins are the most affordable way to purchase physical precious metals; the close proximity to COMEX spot prices and the liquidity of bullion makes bullion-type investments very attractive for short-term investors.

Investors who plan to hold their precious metals longer than 14 months generally prefer to invest in certified coins. These coins tend to track the spot price like bullion, but their certification as “Uncirculated Mint State” meets our government’s parameters for a private type of coin. If you plan to keep possession of your coins for years and you would like to avoid any complicated paperwork, purchase certified gold and/or silver coins.

Take delivery of your precious metals if you are investing outside of retirement accounts, and IRA investors are encouraged to have physical metals stored instead of investing in mining stocks or exchange traded funds (ETFs). By investing in hard assets instead of unsteady paper promises, you have a solid back-up plan that could help preserve and grow your nest egg. When you begin mandatory withdraws from your IRA, you can receive your payments in the form of a check, bank wire, or even physical precious metals.

To learn more about the ins and outs of investing in precious metals, it is best to contact us directly through email or by calling our toll-free number. Our friendly experts will answer all your questions, so contact us now if you are ready to take or strengthen your position in this exciting market. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Our current recession has hindered many investors from progressing in their investments as they had preciously hoped to do, and precious metals have done considerably better than our traditional markets in the last few years. Stocks, bonds, and cash accounts have been blown away since 2005, and this trend continue or intensify, which is why many economists have predicted that our nation could fall into another national depression in the near future.

If you have precious metals to sell, determine the exact type of investment that you hold. The basic information you will need to relay to your broker of choice is the type of metal (gold, silver, platinum), whether the item is a bar or coin, and if it is a coin you need to know if it is a bullion coin or a certified rare coin. If possible, have the items in front of you when you contact the Certified Gold Exchange, because this large precious metals entity will be best suited to answer your questions and meet your expectations.

In the past, investors who did not know how to sell precious metals have ventured to other investors and local dealers to liquidate their holdings, but you may receive a better price by contacting one of the nation’s major precious metal dealers. If you decide to sell your precious metals, you will insure them with the USPS and ship them to the company’s depository.

You generally have the option of receiving a check or a bank wire once your goods are received and confirmed under video surveillance, but ensure that you are dealing with a reputable company by visiting www.BBB.org, or simply contact Precious-Metal.org directly for the best information on how to sell precious metals. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

It is simple to learn how to buy precious metals, but make sure that you conduct your business with a reputable precious metal dealer. Investors can do background checks on potential gold and silver dealers by contacting the Better Business Bureau at www.BBB.org.

Once you are speaking with a precious metals broker that you trust, work with this broker to locate the precious metals that you need for your own investment goals. Instead of basing your investment on what friends or family have recommended, focus on your particular situation. If you plan to hold your precious metal investment from 1-14 months, and you desire profits alone, gold, silver, or platinum bullion could be suitable.

If you would like to possess your precious metal investment for 14 or more months, and you would like to secure your wealth and give yourself an investment that could offset losses in other areas, bullion may not be right for you. Look into certified gold and silver coins, or ask your broker about these historic yet relevant rarities. Certified coins tend to increase along with gold and silver spot prices, and certified coins are private assets that require no complicated paperwork upon purchase.

Take delivery of your precious metals if possible, and ask about free shipping because the largest national exchanges offer this unconditionally. A precious metal IRA works somewhat differently, so buy physical precious metals that will be stored until you take mandatory withdraws instead of ETFs or shares of mining companies. Those speculative investments are not as liquid nor as historically profitable for investors, so serious investors should stay away from these investments until our economy improves. Contact Precious-metal.org directly for our best information on the precious metals market. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

When you are ready to learn more about the precious metals market, call a reputable exchange and speak with an investment specialist. Reliable companies will be able to help you meet any and all of your precious metal investment needs. Precious-Metal.org provides household and institutional investors with the most widely traded precious metal products, and we also provide obligation-free investment .

Your precious metal specialist will be in contact with you every step of the way during your investing, and your broker has a vested in interest in your experience, because client satisfaction surveys are sent to every client and closely monitored. Your gold will be shipped to you confidentially, and the special courier requests that you sign for your package. If you are investing within an IRA, your gold will be securely stored in a depository until your mandatory withdraws begin.

Precious-Metal.org supplies the nation with gold, silver, and platinum products, and we offer our best prices on both bullion-type items and certified rare coins. Now that you know how to get started with your precious metal investing, protect yourself and your assets by contacting Precious-Metal.org today.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Gold has held value for humanity for over 5000 years, and it historically becomes more valuable when financial calamity strikes. Some investors have opted to store their wealth in precious metals stocks or derivatives, but physical precious metals are true safe-haven assets in times of economic uncertainty.

You could make some tidy profits with mining stocks, ETFs, and pool accounts, but physical precious metals will be true protection if everything does fall apart financially. By owning physical gold and/or silver, you can combat the dollar’s decline and protect your monetary independence.

By investing 20-30% of your portfolio into physical precious metals, you will give yourself a hedge that was historically successful in offsetting losses in your remaining asset classes. Investors who only desire short-term protection from inflation have historically done better financially with bullion, and investors who plan on a holding period of a year or more should give consideration to historic US coins that are commonly traded, like the $20 Saint Gaudens and the $20 Lady Liberty. Give us a call or email us to request your free, customized information on precious metal investing. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

The international community has caused a lot of hubbub lately with its demand for commodities to be priced in a currency other than dollars. The dollar’s fall has aided many commodity prices, because investors require more US dollars to purchase gold, silver, cotton, etc. Savvy investors have increased their holdings in physical commodities, because the dollar’s continuous fall could continue to mean higher commodity prices.

Investors especially value precious metals because they are easily stored, unlike other commodities like sugar, cotton, and livestock. Liquidity can become an issue with these assets, but precious metals have had a steady market for over 5000 years. Investors buy precious metals for profits, but today’s investors are especially interested in the protection that comes with owning physical precious metals.

After reaching an all-time peak of $1153 on Wednesday, the gold spot price has retreated slightly. Gold is now valued at $1142 per ounce, which is a 7.3% growth in the last 30 days. Silver is selling for $18.45 per COMEX ounce, and platinum is valued at $1446 per ounce, which is down $11 on the day. To get live precious metal spot prices or to enhance your portfolio with precious metals, give us a call or register for your free copy of our helpful precious metal investment tutorial. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

The third quarter of 2009, which inundated our financial markets with government-infused and artificial funds, doesn’t look to be sustainable over the long-term, according to economists from Merrill Lynch and Wells Fargo. While the gold spot price has risen dramatically since 2001, and is now at record highs that have repeatedly been reached throughout the last few weeks, not all gold-“based” American precious metals investments are good ideas for safety-seeking investors.

Derivatives like gold stocks rarely offer allocated gold, so you could be unable to take physical possession of the metals that you owned on paper in a national financial emergency. Additionally, audits of these companies could reveal that they own an insufficient amount of gold, and this could immediately drop shares in that company to zero.

Stocks of some gold mining companies have been quite profitable recently, but shares of these companies do not track the gold spot price like gold stocks and physical gold investments. Labor problems and operation issues could hinder those companies from producing new ore, and budget shortfalls often eliminate large chunks of mining companies’ worth within a short period of time, even if the gold spot price is rising.

By buying American precious metals and taking physically delivery of those hard assets, you give yourself peace of mind and you fortify a weak and vulnerable portfolio during these trying economic times. Contact us today for a free investment tutorial and obligation-free assistance from our friendly precious metal experts. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Trillions of hard-earned dollars have been dissolved in recent years, never to be seen again. Economists fear that our nation could be headed towards a depressionary period of 17-26 years, so improvements in our traditional investments will likely be few and far between, too little too late, and all of the other ways it can be said. It is advisable to vest 20-30% of your assets into safe-haven positions, which are investments that have historically maintained their value when the US economy contracted in prior cycles. Physical gold is not only a safe-haven asset, but it has been called “the investment of the generation” by top technical analysts for Merrill Lynch and other large financial institutions. If your retirement account has struggled to meet your expectations recently, it may be wise to consider a precious metal fund as an alternative way to save for your retirement.

Precious-Metal.org works exclusively with the two trust companies that can manage your precious metal fund. GoldStar Trust and Sterling Trust make it easy and affordable to transfer an IRA, 401K, or 403B into a precious metal fund. When mandatory withdraws begin, you have the option of receiving actual precious metals in lieu of a check. It is of the utmost importance to have a back-up plan during these financially trying times, so it is advisable to add safety to your portfolio by owning physical precious metals instead of derivatives or dollar-backed assets. Contact us today to determine if your retirement account funds are eligible for a conversion into physical precious metals. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

The simultaneous falling of the dollar and the rising of gold prices has prompted fears of another gold bullion confiscation, which our government originally executed in 1933. It was illegal to hoard gold bullion until 1971, and since that year the US Treasury has worked overtime to print money. Our leaders in the White House and in Congress have helped the Treasury spend all the new currency, and our nation is now buried under an avalanche of debt.

When this happened historically, President Franklin Roosevelt issued his unprecedented gold bullion confiscation to ease the debt and shore up the dollar. If a precious metal confiscation happens in our day, investors who hold certified coins could be safe from the government’s sticky hands.

Canadian Maple Leaf coins, PAMP-Suisse bars, and other bullion products are advisable investments for short-term profit-seekers, but not for investors who want to sit on their golden nest egg for years or perhaps decades. That demographic could do better financially with certified coins like the $20 Saint Gaudens Double Eagle or the $10 Lady Liberty Eagle coin. By contacting us directly you are eligible to receive our free, customized mail-out reports and institutional discounts, so register now to get started. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Precious metal refining is the process of purifying a raw metal so that the remaining material is as close to 100% gold as possible. This is why companies such as Engelhard and Johnson-Matthey stamp their bullion bars with “0.999 pure,” and 24-karat coins carry the same designation. 22-karat coins like the American Gold Eagle could be purified further, because these coins contain an alloy of silver, copper, and nickel. An alloy will produce a harder coin that is more resistant to wear, whereas a 24-karat coin can easily be tainted by something as incidental as handling the coin.

Refining is not the same as smelting or “calcining”, because those processes involve a direct chemical reaction. Precious metal refining employs a physical change only, because no molecules are inherently altered. Technicians utilize various techniques to separate precious metals from other metals and alloys. One technique involves melting the solid and pouring off the extra materials that rise to the top. Another method requires hydrochloric acid and chlorine gas to refine the precious metal, and both of these methods are quite dangerous and expensive.

When purchasing precious metals, keep in mind that the premiums on top of the gold spot price are incurred by the costs to refine, manufacture, and distribute the items across the world. Contact Precious-metal.org directly to learn the most affordable way to buy pure precious metals. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

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. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

• Gold

• Silver

• Platinum

• Palladium

• Rhodium

These metals are most often purchased in bar or coin form, although rounds (coins with no face value) and precious metal stocks are also available. Reliable and updated information about palladium and rhodium is not as accessible as information for the other investment-grade precious metals, so investors who are new to the precious metal market tend to stay away from those two metals. There is a plethora of information about platinum, so some investors have invested in this metal through bullion bars and bullion coins like the American Platinum Eagle and the Canadian Platinum Maple leaf. However, platinum is currently somewhat speculative because of its frequent use in the automotive and manufacturing industries, which have struggled to survive throughout the last three years.

Gold and silver are undoubtedly the most commonly used precious metals for investment purposes, and a lot of this has to do with the fact that the United States produced gold and silver coins prior to 1933. The numismatic and precious metal value of these coins, such as the $20 Saint Gaudens and the Peace Dollar, has increased dramatically over the years. These coins’ status as private investments is a pivotal draw for investors who are skeptical about our current administration’s intentions. Check out www.USMint.gov to learn more about our government’s current bullion offering in gold, silver, and platinum, or contact www.Precious-Metal.org directly to learn about the precious metal investments that would be the most appropriate for your portfolio. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Our current recession has dissolved trillions of hard-earned dollars, and much of this money will never be seen again. Our nation could be headed towards a depressionary cycle of a decade or more, so our stocks, real estate, and paper assets will most likely continue to struggle. It is vital to own safe-haven assets, which are investments that have a historical background of maintaining their value when an economy is contracting. Gold is not only a safe-haven asset, but it has been referred to as “the investment of the generation” by Merrill Lynch’s top technical analyst, Walter Murphy. If your retirement account has struggled to meet your expectations recently, it may be wise to consider a precious metal diversification.

Precious-Metal.org works directly with the two trust companies that manage precious metal retirement accounts. You can easily transfer an IRA, 401K, or 403B into a precious metal IRA with the help of GoldStar Trust and Sterling Trust. Gold, silver, and platinum can be stored for you until mandatory withdraws begin. During these financially trying times, it is critical to have something tangible to fall back on. By owning physical precious metals instead of derivatives, you add safety to your vulnerable portfolio. Contact us today at 800-300-0715 to determine if your retirement account is eligible for a rollover into precious metals. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Incidentally, JP Morgan needs to update projections, because their analysts called for $1100 gold spot prices before the end of the year. That unprecedented milestone was reached around 11am EST today.

Investors buy precious metals for the potential profits and for the preservation abilities of privately stored gold, silver, and platinum. If these metals continue to gain value, investors may see profits similar to those of gold investors in the 1970s. Gold investors made over 1000% in that stagflationary cycle, whereas gold’s current upward trend has only seen 400% growth so far. Gold and silver went to $850 and $55 per ounce, respectively, in the 1970s, so if you factor in inflation over the last 30, then years then we could be looking at sky-high precious metal values in the future.

Visit www.GoldSilver.org to learn more about investment-grade precious metals that are advisable for US investors. Once you have gathered all the information you need, call us directly at 800-300-0715 to protect and grow your assets with a physical precious metal investment. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Gold has recorded a 3.8% gain this week alone, which is remarkable considering most investors are getting less than that in 2 years with a traditional savings account or certificates of deposit (CDs). Silver has rebounded from the low $16 range to $17.41 this afternoon. Many investors thought that the current precious metal rally would stall because of the dollar’s supposed strengthening, but long-term projections are that our greenback will continue to falter. Until the Federal Reserve and US Treasury team up to do anything more than needlessly run the printing presses and spend money, bleak projections will most likely prevail.

Despite the recently strengthening dollar index, which usually prompts lower precious metal prices, gold and silver have not halted their upward march. Safe-haven demand is at an all-time high, because consumers are afraid of what the future may hold for the United States economy. If national morale continues to worsen, the precious metal rally could continue for an unprecedented length of time. In the last cycle, gold climbed for over almost two decades. If you feel that precious metals are a good way to protect and grow your wealth, contact www.Precious-Metal.org at 800-300-0715. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

LIQUIDITY – Investments like gold stocks, ETFs, and derivatives often require weeks to liquidate. When you need to increase your cash on hand, physical precious metal investments are just as liquid as the money in your checking or savings account.

DEBT-FREE OWNERSHIP – High-risk investments like leverage programs have drained the wealth of many investors, and the margin calls on these debt-laden investments can put you in a deep hole. The potential benefits of a leverage program are encouraging, but gold spot price fluctuations have cost investors millions during the current cycle.

PRIVACY – If someone else holds your gold for you, you have no idea who else knows about your investment. True safe-haven assets are privately stored in a fire safe or nearby safety deposit box. Even if your local bank closes, as so many have, you are in no danger of losing your safety deposit box’s contents – including your physical precious metals.

PERFORMANCE – The past few years have prompted American investors to reevaluate their investment strategies, because our traditional markets have been woefully unstable. Investors who have diversified into physical gold have seen over 400% growth since 2001, and the recent spikes in the gold spot price indicate that the current upward trend could be intensified. Safe-haven demand and the large number of IRA investors who have supplemented their retirement accounts with physical gold and silver have contributed to the rising gold spot price.

If the potential rewards of the precious metal market interest you, contact www.Gold-Investment.info to receive a free copy of the 2010 Insider’s Guide To Gold Investing, or call 800-300-0715 to have it mailed directly to you. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

By selling your precious metals through a high-volume, reputable exchange, liquidity will never be an issue. With the Certified Gold Exchange, for example, taking your well-deserved profits is just as easy as calling their toll-free number to freeze pricing. Once your price is frozen, you simply mail your registered and insured investment to the appropriate depository. After the depository specialists review your package under video surveillance, the Certified Gold Exchange will immediately issue a check or bank wire to the seller. Thus, your precious metal account is just as liquid as a checking or savings account. If you need more information on buying and selling bullion or certified coins, contact the Certified Gold Exchange at 800-300-0715 or at www.CertifiedGoldExchange.com. The no-strings-attached service provided by CGE specialists is one of the main reasons that the Certified Gold Exchange has maintained an A+, Zero Complaint rating with the Better Business Bureau since 1992. Visit www.BBB.org or contact the Certified Gold exchange to learn more about their stellar reputation, because reputation is the cornerstone of the gold industry. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Investors who are looking for a short-term (1-14 months) position in the gold market should consider bullion bars and/or coins. Gold bullion trades very close to the live spot price that is set by the Commodities Exchange (COMEX), so investors who hold gold bullion tend to buy and sell in quick increments to realize their profits. Investors who cannot babysit their gold generally purchase certified gold coins, which tend to outpace gold bullion over the long-term. Unlike gold bullion products, which fluctuate in value very quickly, certified gold coins fluctuate more gradually, so long-term investors can relax without fretting over the daily spot price fluctuations. Contact a precious metal dealer that offers bullion and certified products. Dealers who only sell one or the other often have very convincing salespeople, and your investment means their commission. Companies who trade a wide range of products are best qualified to meet your expectations.

In addition to finding a company that sells a wide range of gold investments, investors should also ensure that they are dealing with a reputable company. Instead of merely choosing a precious metal exchange based on celebrity endorsements (which YOU pay for) or their flashy television advertisements (same story), conduct some research with the help of the Better Business Bureau (www.BBB.org) and Amazon Alexa (www.Alexa.com). These two customer satisfaction indexes for US businesses provide complaint histories and customer comments, so hopeful gold investors should check out any potential dealer’s ratings with these two resources. Investors who are ready to purchase or sell their metals should contact the Certified Gold Exchange directly for live quotes and expert assistance. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Many investors have converted their IRA, 401K, and 403B plans to a precious metal IRA. Unlike traditional retirement accounts that allow silver stocks or gold exchange traded funds (ETFs), a precious metal IRA permits physical gold, silver, and platinum to be stored through Sterling Trust and GoldStar Trust. These are the two government-approved precious metal depositories, but these entities do not provide financial advice for IRA investors. Two types of metal are permitted for IRAs: bullion products and certified coins.

Bullion should be utilized for a precious metal IRA if the owner plans on liquidating the metals within 14 months. Bullion fluctuates very rapidly, and it can be confiscated from the depositories at any time by our government. Investors who plan on a long-term play are wise to consider the American Eagle Proof, which is produced in limited quantities by the US Mint. Gold and silver Proof Eagles have been deemed non-confiscatable by IRS regulations; this is why the coins are so much more expensive than their bullion counterparts. These cons have almost doubled in value in the last year, but the inherent privacy of these investments is what many investors appreciate. If government officials were to walk into the IRA depository, with their sticky hands and money bags at the ready, the Proof eagles could be exempt from their bullion-confiscating good time. Investors who have retirement accounts that have underperformed may require the diversification that a precious metal IRA provides; contact the Certified Gold Exchange for more information

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

The precious metal rally that started in 2001 looks to continue for another three years at least, unless our lawmakers are able to solve our nation’s increasingly dire financial plight. Investors who believe that our economic troubles will be resolved or within the next year should invest in bullion items. The US Mint produces gold, silver, and platinum bullion coins, under the American Eagle coin program. These coins are highly sought after by short-term investors who want a hedge against the possible acute inflation of US currency.

Long-term investors should not purchase US Mint-produced bullion coins, or any other bullion product. Instead of vesting their funds in bars or bullion coins, investors who plan on remaining in the gold market for years or decades routinely purchase certified gold and silver coins. These investments have historically outperformed their bullion counterparts, and their non-confiscatable classification by the US government makes them the ideal choice for investors who want to take physical delivery of their gold without fear of a future government recall. Investors who are new to the precious metal market should contact a reputable dealer who can break down the advantages of the different precious metal products that are currently available. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

In today’s high-risk world, there are no guarantees. Anything could happen, so investors who are mindful of this fact insist on taking physical delivery of their metals. Gold stocks and exchange traded funds (ETFs) provide a cheaper alternative to gold, but they may not be backed by physical gold at all. Audits of the companies who issue gold stocks and pool accounts could land ETF companies and investors in hot water if discrepancies are found between their physical gold and their issued gold shares. By taking delivery of bars or coins, investors gain buying power if our dollar does collapse, as many economists fear it will.

In addition to claiming physical ownership of their metals, investors should know whether they want a short or long-term position in the gold market before they make a precious metal purchase. Investors who plan to hold less than 14 months may require gold bullion, because the short-term buying and selling that gold bullion investors tend to engage in requires the lowest premiums. Investors who want to protect their wealth for years or decades should consider certified gold and silver coins, because these non-confiscatable assets grow at an accelerated pace over bullion. Contact a reputable gold exchange to learn more about how to purchase precious metal products, including bullion and certified rarities. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Banks have blamed their lack of lending on current loan losses, which they expect to increase over the next few years. Banks such as JPMorgan-Chase and Goldman-Sachs have decided to increase their loan charge-off reserves to contain future losses. Unfortunately, irreparable damage may have already been done to our banking sector.

Our nation’s banks have not only come under fire for the cold shoulder that they have given to would-be borrowers lately; they have also taken heat for outrageous salaries and compensation packages. Many executives are receiving millions, even though their companies are billions of dollars in debt to taxpayers. These banks have resisted policy changes that could prevent another financial catastrophe for our country, and many investors have taken this as a sign that the banks are only concerned with themselves. Personally, I wish them the best of luck in whatever future they have left.

Some investors have taken an independent route by purchasing precious metals. Bullion bars, bullion coins, and rare coins each offer their own advantages that should be carefully considered. The active gold spot price is $1042.30, and silver is trading at $16.81 per ounce. Platinum has fallen substantially today and presently valued at $1314 per ounce. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

When unemployment levels start to fall, these investors will most likely convert their gold to traditional investments, but our national jobless level hit a 26-year high of 9.8% last month, and most analysts expect this figure to rise significantly before it begins to fall. Despite claims of economic stabilization by some US economists, many American investors have taken an opposite stance on how our economy is presently faring. "The average American doesn't think you have recovery until the unemployment rate comes down. This is not really a meaningful recovery." said Cary Leahey, senior economist with Decision Economics.

Until American investors are able to clearly see and feel that our economic burdens are lessening, they will most likely to continue to buy precious metal products. Investment-grade bars and coins have become increasingly popular throughout our recession, and many economists feel that gold, silver, platinum, and many other commodities will do well throughout the current cycle. Gold is currently valued at $1060 per ounce on the Commodities Exchange (COMEX), and silver is trading at $17.63 on this same exchange. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Even with a reduced workforce and slashed overhead, Microsoft's earnings in the third quarter dropped to $3.6 billion. In the same period in 2008, Microsoft earned $4.4 billion. Wall Street economists have argued that Microsoft’s profits would have been larger if Windows Vista was more successful with consumers. Businesses generate more profits for Microsoft than private consumers do, but Vista’s failure put a significant damper on the previous quarter’s returns. Companies are focusing more on ways to save money, instead of ways to make money. Americans are generally taught to play to win. By simply consolidating costs instead of investigating, innovating and implementing new financial strategies, many companies have lost the faith of their share holders. Plenty of stock investors are on the sidelines right now, awaiting the developments of a historically volatile fourth quarter. Others have simply purchased a precious metal hedge, in case their traditional investments flounder over the long-term. Silver, platinum, and gold are projected to rise in value during the coming months, so investors who want to control some hard assets are encouraged to take a position in this market. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

The mass layoffs in September affected at least 248,006 workers, although a great many more individuals have not yet applied for unemployment benefits. The last reading of our national unemployment level showed that 9.8% of would-be workers are without a job, and the Federal Reserve predicted in June that this rate will probably exceed 10% for some time. Only a few months earlier, White House officials had assured the American people that our national unemployment rate would never surpass 8%, as long as their stimulus was enacted immediately. Congress rubber-stamped the unprecedented rescue package, yet our unemployment rate continues to rise. The buck literally stops here for many investors, because their extreme displeasure over the effects of the stimulus on our workforce, and our doubtful dollar has persuaded them to shed fiat currency.

Many investors have exchanged their cash for gold, which commands much more respect that our greenback ever could. As the dollar index falls, gold could rise as it has historically. Precious metal values will probably fall if our government finds a solution for our fiduciary woes, buit the chances of this happening anytime soon appear to be slim. The gold price can be tracked live, thanks to large-volume investment companies who have set up websites like www.Kitco.com and www.GoldPrice.net. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Some analysts profess that our economy started to grow in the third quarter, but increasingly dreary numbers leads many to question the validity of such claims. Other economists have stated that any economic growth would be due to our government's massive stimulus and bank bailout, which could eventually spend over $23 trillion. Our economy has diminished for four straight quarters, which is an unprecedented streak for our nation's gross domestic product(GDP). Many investors have taken a position in the precious metal market, since these physical investments have been widely used as a privately held insurance plan for over 5000 years. Precious metal investments may fluctuate over the years, but many investors prefer these palpable metals to any sort of fiat currency. Gold is currently valued at $1061 per ounce on the New York Mercantile Exchange (NYMEX), and silver is valued at $17.72, which is a $0.22 increase so far today. Investors can track precious metal prices by logging on to www.Kitco.com and www.GoldPrice.net, where active spot prices and up-to-date facts are available around the clock. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Many economists fear that the stock rally of the past three months is unsustainable, and these same economists expect vastly overbought US stock markets to correct. In addition to dormant precious metal prices and devalued stocks, the US dollar index fell again today. Other major currencies like the euro and the yen have trounced the dollar in recent months, and government watchdogs have warned that long-term inflation is a threat that requires immediate attention. Many investors expect gold, silver, and platinum to become significantly more valuable over the next few years, unless our government miraculously finds a way to sustain international demand for the dollar. Precious metals tend to maintain their value more effectively than traditional paper assets during tumultuous economic times, which the past three years have demonstrated. Investors who would like to diversify into precious metals are advised to contact a reputable, long-standing precious metal dealer that maintains an A+ rating with the Better Business Bureau and a Five Star rating with Amazon Alexa. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Many investors feel the same way as Schiff, and luckily we do not have to be his client to take advantage of his experience in the market. Investors who are dissatisfied with the circumstances that our government has placed us in are encouraged to protect themselves from further losses by diversifying with a precious metal investment. Precious metals may gain substantial value over time, but the immediate security and privacy that they offer is preferable to more speculative investments such as stocks and real estate. The active gold spot price at 5pm EST is $1064.70, and silver is trading at $17.82 per ounce on the Commodities Exchange(COMEX), which is a 2.3% increase so far today. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

The Treasury has maintained a firm stance on future inflationary pressures, and their latest remarks continue to tickle the ears of gullible Americans. “As long as the United States maintains sound macroeconomic policies and deep, liquid, and open financial markets, the dollar will continue to be the major reserve currency,” said Treasury officials. At first glance, this may appear to be a real confidence builder for investors who are unsure of our dollar's future, but this quote easily falls apart upon closer inspection. The policies that the Treasury claims to maintain have not been seen in ages, and if any of our readers can show me how our nation's current monetary policy is sound or deep, kindly feel free to come write these articles for me, because I have clearly missed something important.

Other economic experts feel that our Treasury, and its propagandists, will soon be a thing of the past. They feel this way because they see the logical progression of the dollar's downfall and demise. Fred Bergsten, who served in the Carter Treasury, is now head of the Peterson Institute for International Economics(PIIE). Bergsten has argued that the dollar’s days are numbered, because our budget deficit, total national debt, and inflation look to wipe out the greenback forever. Many of today's investors have a healthy fear of a disappearing US dollar, and some of these investors have made the move to the precious metal market. Gold and silver could render substantial profits during the next three years, and the security that comes with owning physical precious metals is highly sought after. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Lower retail sales translate into lower profits for employers. To produce dividends for shareholders, the workforce has been diminished significantly. The rising unemployment rate means that more families are unable to make their mortgage payments, and these loans reflect horrendously on the banks who issued them. Consumer confidence and income wanes, retail sales decline further, and on and on. No one is positive about how exactly it all started, and there are no end to the arguments over how to end it. Some investors have discovered various means of protecting themselves from the full effects of this situation, however, and some investors have decided to use a precious metal investment as their diversification vehicle.

There are no $4500 rebates or guaranteed gas mileage on this vehicle, but many investors appreciate the fact that it drives on a path that is independent of our government's wheelings and dealings in the financial marketplace. Although many analysts project gold and silver to rise substantially during the next decade, many investors make a precious metal investment with privacy and security as their key objectives. Gold's spot price on the Commodities Exchange(COMEX) is $1058.70, and silver is valued at $17.39 per ounce. Household investors and institutional investors can take advantage of the free precious metal investment tutorial provided by the Certified Gold Exchange at www.Gold-Investment.info. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Federal Reserve governor Daniel Tarullo spoke at a Senate subcommitee hearing last week, and his strong words were appreciated by many American investors."Banks are vulnerable to significant further deterioration in their (real estate) loans...banking organizations continue to face significant challenges, and credit markets are far from fully healed,” Tarullo bluntly stated during the hearing, and those remarks were not his only ones of the afternoon. Tarullo believes that our nation's unemployment level, which currently stands at 9.8%, is unlikely to improve in the near future. Other Fed officials, such as Federal Reserve Chairman Ben Bernanke, have declared that our recession is "very likely" over, so the confusion within this one branch of our government is disconcerting for many American investors.

Precious metal investments have historically maintained their value much better than real estate and securities holdings during tight fiscal periods, for which our current recession certainly qualifies. Regardless of what the mindless political drones tell us, we are in the middle of a deepening recession that has caused problems not seen in the United States since the Great Depression. These frightful circumstances are more than enough reason for investors to secure their portfolios and give their family a back-up plan in case our nation's dire financial circumstances worsen. Physical gold and silver are liquid investments that are projected by Wall Street Journal analysts to rise in value throughout the next three years, and investors especially appreciate the self-empowerment that comes with storing their own wealth by means of a precious metal investment. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Some investors have been pointing the finger at big business, while others declare that our government is to blame. The reality seems to lie somewhere in the middle, because our government has actually teamed up with big business. Government intervention into the public financial markets has changed the way our economy works, and many fear that our government will continue to manipulate various US markets for an extended period of time. Our jobless rate is up, our personal income is down, and our government seems more intent on helping the institutions that created this mess than using some common sense to help the American citizens who are affected. Some investors have decided to buy gold and silver in this situation, because precious metals tends to move opposite the dollar index, which is projected to weaken even further over the next few years, possibly to the point of insolvency. Besides the inflation protection that gold and silver offer, many investors appreciate the liquidity and privacy that physical precious metal investments also provide. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

If returns in traditional investments like stocks and real estate continue to disappoint investors, many economists believe that many commodities could continue to rise in value. Precious metals are of a particular interest to those who are considering a commodity investment, because gold, silver, and platinum are globally liquid. "We get the feeling that fund managers in general are still very positive about the commodity outlook," said Leon Esterhuizen, analyst at RBC Capital Markets. Some of the recent economic indicators (which come in the form of government-hyped, and twisted data) show that economic recovery could be underway. These statistics, however, paint a skewed picture of an economy that is merely failing more slowly, so many skeptical investors are hedging their bets by adding precious metal investments to their portfolios. Precious metal spot prices are up across the board today. Gold is up $7.50 per ounce at $1057.40. Silver is up $0.12, registering a $17.82 per ounce value at 10:45am EST, and platinum is up $4.20 so far today. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Gold has been rising since 2001, but many investors are turning their attention to silver as well, which is up 8.4% in the last 30 days. Some analysts feel that silver could outperform gold in the future, as gold becomes harder for investors to acquire. The cost to enter the silver market is low, and some economists believe that the return for silver could be quite impressive over the next few years, as inflationary pressures on the US dollar increase. Silver and platinum are widely used in manufacturing and in the automotive industry, but despite adequate performance throughout the last quarter, these two industries could be poised for a downturn if our government’s stimulus plan fails to motivate consumer spending. Once an investor chooses a precious metal, they must then consider the specific type.

Bullion products are the least expensive way to purchase physical gold, silver, or platinum. Bullion bars and coins closely track the Commodities Exchange(COMEX) spot price, so profits can be made and losses can be tallied quickly. Bullion is liquid, so it easily translates into cash around the world. Some investors’ beef with bullion, however, is that the US government could recall it in order to back up the dollar. Investors who fear that the dollar could collapse are encouraged to invest in certified coins as opposed to bullion, because the privacy that is attained with rare coins is unmatched by bullion bars or coins.

Gold’s active spot price is $1043.80, which is a 0.5% decrease for the trading day. Silver is down $0.12, and is currently valued at $17.38 per ounce. Investors who are unsure about what their best investment options are should contact a reputable precious metal exchange that can provide a variety of precious metal positions. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

The Congressional Budget Office reported yesterday that the federal deficit for 2009 will stand at $1.4 trillion. This figure is slightly better than the $1.6 trillion the CBO projected in August, but the $1.4 trillion figure still leaves us with the largest deficit since World War II. Despite our nation’s outstanding debt, some lawmakers want to extend various aspects of our government’s stimulus plan. Senate Majority Leader Harry Reid, a Nevada Democrat, wants to extend the $8000 federal tax credit for first-time homebuyers. Reid argues that this will create jobs and ease his state’s foreclosure levels, which are the highest in the nation. White House economists have encouraged lawmakers to extend unemployment benefits and to authorize the resumption of planned infrastructure, but our burgeoning federal deficit may not be able to handle any more expansion. Analysts fear that the increasing deficit and unemployment levels could cause our entire economic system to implode. Precious metals are a globally utilized investment that could stand in the place of our mortally wounded currency. Gold is currently trading at $1047.80 on the Commodities Exchange(COMEX), and silver is presently valued at $17.51, which is a 5.6% increase this week alone. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Our government has suppressed their key lending rate for an overextended period of time, and many economists fear that Ben Bernanke, along with the rest of the “geniuses” at the Federal Reserve, will have no choice but to raise interest rates in the near future. The fallout from higher interest rates during our nation’s stagnant economic cycle could devalue our dollar further, which could make dollar-based commodities cheaper for investors who use other currencies. China, Russia, and other nations have verbalized their desire for the US dollar to be removed as the price-base for commodities, because trades would be easier to facilitate and complete if a more stable currency like the yen, euro, or even gold, was used. Until the dollar is removed as the reserve currency for commodities prices, many investors will most likely continue to shed US dollars in favor of other major currencies and commodities. Precious metal investments qualify for both of these categories, which makes them a viable investment option for many who wish to protect themselves from our government’s printing presses.  

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

October 6, 2009 – Precious metal values rose in unison on Tuesday morning, after Australia announced that her central bank has raised its key-lending rate. The surprise increase to 3.25% is an indicator that the world economy is on the road to recovery. The United States economy, however, may be walking in a different direction, on an entirely different path. The US dollar index dropped 0.6% during morning trading hours, and this drop boosted commodities prices, as it has done in the past. Oil rose 2% to top $71 per barrel, and sugar is still reaching for a new all-time high. Precious metal investments earned some extra value this morning, with the gold price currently standing at $1037.80. This is a slight decrease from today’s record high of $1044, after a large number of investors liquidated their gold and silver bullion holdings. 

Most markets attract more investors as prices rise, but this morning’s pullback in the gold bullion spot price came as no surprise to American economists. Our nation’s leaders are certainly embarrassed that so many individuals are choosing to invest in assets besides the dollar, and its weakness is much like a thorn buried deep in our Federal Reserve’s collective sides. Gold bullion was confiscated from US citizens by our government in 1933, by way of President Theodore Roosevelt’s Executive Order 6102. The hoarding of gold bullion was prohibited for 40 years, until President Richard Nixon removed the US from the Gold Standard. From that point forward, the United States dollar has not been backed by gold, which magnifies its ineffectiveness in international trade. Another gold bullion recall could give the dollar the power it needs to regain worldwide prominence and respect. Economists fear that this could come to fruition within the next 12-18 months, so American analysts understand why some investors are leery of holding precious metal bullion products. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

Our national unemployment level has risen to its highest level since 1983, and the 9.8% jobless level is on pace to surpass the 10% mark before the end of 2009. Over 263,000 jobs were dissolved in September, more than August's 201,000, and much more than the 180,000 jobs that government officials had predicted would be lost last month. A holiday season hiring spree could relieve some of the pressure for unemployed Americans, but the upcoming season is expected to be anemic at best. Many economists forecast a rather gloomy shopping season for retailers, as lower household income and mounting fear over lay-offs continues to steer consumers away from carefree spending. Today's announcement of an even higher unemployment level from the Labor Department will likely do little to motivate consumers to spend, and analysts believe that the new data could further hamper holiday spending. The unemployment rate is expected to rise for the next few years, so investors are buying precious metal assets, which could increase in value if our nation's fiscal plight worsens.

Investors in the 1930s and the 1970s made quite a bit of money with gold and silver, but the profit was the icing on the cake for many. Protection of wealth was the primary concern during those arduous times, and today's economy calls for the same kind of protection for investment portfolios. Visit www.GoldSilver.org to learn more about precious metals, and the investment-grade assistance that they may be able to provide for you and your family.

 Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

The Labor Department figures released today reveal that the employment sector, or the unemployment sector, is in worse condition that previously thought. New claims for jobless benefits rose to 551,000 last week, 2.99% more than economists and government officials had previously anticipated. This revelation knocked the wind out of any recovery theories for many investors, as did the most recent Commerce Department numbers. This branch of our government revealed that growth in personal income is lagging, which gives backing to those who fear long-term hyperinflation. Investors who seek a hedge against inflation traditionally utilize precious metal investments for that purpose. In addition to the security that gold could possibly provide, many economists firmly believe that gold could also potentially provide long-term profit.

The active trends resemble patterns from the 1930s and 1970s very closely, and since nothing in life is guaranteed, many investors are hedging 25-30% of their portfolios with precious metal holdings. More information about how to properly diversify with gold is available at www.Gold-Investment.info, where household and institutional investors will find a variety of investment-grade information. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

There are two despositories that are authorized to store precious metals for investors with retirement accounts. Goldstar Trust and Sterling Trust, both located in Texas, have officially held the right to store gold, silver and platinum since a 1997 law decreed that those precious metals could be placed inside retirement accounts. Physical metals are not provided by either one of these trust companies, but they store the gold until the investor gravitates to other assets, or begins mandatory withdrawls. The actual gold can be purchased from anywhere, although dealing with an A+ Better Business Bureau-rated company is highly recommended. Investors should also remember that pre-1933 US gold coins are not permitted in precious metal-backed IRAs. The American Gold Eagle Proof is the most requested IRA gold item at the moment, and has held that distinction for the past 18 months. The Gold Eagle Proof is the only non-confiscatable asset that is allowed within an IRA. Some gold bullion investments may be placed within an IRA, and www.Gold-Bullion.org has more information on that subject.

Investors considering a gold-IRA rollover shoud visit www.sterling-trust.com. There are nominal fees involved, and gold-backed IRAs involve a degree of risk, as does any investment. Today's active gold spot price stands at $1010.50 at 7pm EST, which is a $2.20 increase for the trading session. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

The dollar index measures US currency against six other major world currencies, and today the dollar held its own against the other currencies. The spotlight has been on the dollar recently because of its avalanche in value. Overprinting of the greenback has outraged nations around the world, and countries like Russia and China are demanding that the United States take responsibility for the devalued and devaluing greenbacks. The dollar is also taking hits because of the $11 trillion that President Barack Obama has donated to various corporations and programs aimed at helping consumers. The Federal Reserve plays a major role in currency strength, and the US Fed will assuredly need to raise interest rates soon. This could set off a powder-keg of inflation, and possibly another housing bust. Gold historically moves against the dollar, meaning that gold could take off if the Ben Bernanke-led Fed insists on flooding the nation with more fiat currency.

Precious metal prices are always available at www.GoldPrice.net, where the GoldPrice live ticker runs around the clock with spot prices for all investment-grade metals. The current gold price on the New York Mercantile Exchange(NYMEX) is $991.20, which is a $0.70 digression from this morning's opening levels. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

For at least the next two fiscal years, Social Security is expected to pay out more than it collects, placing the troubled program on the road to insolvency. The deficits will total over $19 billion over the next two years alone, which will be tacked on to the already bulging national deficit. More benefits are being given to the baby-boomer generation than previously anticipated, and more Social Security beneficiaries are relying solely on these funds because of especially high unemployment levels amongst the elderly demographic. Many cannot afford to retire and live out their lives just on Social Security checks, and precious metal investments are considered to be a smart way to store wealth. Interest rates for savings accounts and certificates iof deposit(CDs) are at all-time lows, and many are finding that gold and silver could provide better long-term returns. Investors who would like to know more about gold and silver investments should visit www.goldsilver.org for a free guide to precious metal investing.

Gold, silver, and platinum are all performing positively today after a slow economic weekend. Gold is trading at $994.70 on the New York Mercantile Exchange. Silver is posting a daily profit of $0.10, bringing up it to $16.14. Platinum, used mainly in the jewelry and automotive industry, is valued at $1279 per ounce on the Commodities Exchange(COMEX). 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org

The worse-than-expected report was released on the second day of the Group of 20(G20) Summit in Pittsburgh, PA. World leaders' goals include agreement on terms of government regulation and involvement in the financial markets, finding a solution for the struggling US Dollar, and getting Iran to submit to new nuclear fuel production guidelines. The Commerce Department report did little to aid President Barack Obama in convincing leaders from China and other nations that our recession has mysteriously disappeared. Orders for dry goods fell 2.4% from the previous month, even though economists and government officials guessed for a 0.5% increase. The devolution of the housing sector and US stock markets are a concern for many, and these topics could be the focus of questions that Obama will have to face during the G20's final session today.

The spot price of precious metals has been increasing in tune with the decline of US stock and real estate assets. Gold's yearly increase has continued since 2001, and all precious metal spot prices are expected to continue their growth pattern. Many economists believe that gold and silver could rise for an indefinite period of time, until the government and economy regain the trust of consumers.

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Danny Burns

Senior Staff Writer - Precious-Metal.org

Gold does not only come in bar or coin form. Engine and exhaust parts for automobiles, tooth fillings and caps, jewelry, computers, refrigerators, and a countless number of other products utilize precious metals. The United States and the rest of the world have watched the automotive industry implode. The limping economy has made household appliances more affordable than ever, especially when the White House's stimulus package offers rewards for purchasing items like ovens and washing machines. Why, then, are precious metals rising in value? Physical silver and gold, which do not include certificates and metal stock, were historically considered a safe-haven investment in the 1930s and 1970s, and many investors believe that could hold true in the current cycle. Physical gold offers a hedge against inflation, and it could make a strong move against falling mainstream markets. If Merrill Lynch's experts are right, precious metals could continue to grow in value over the next 15 years as stocks, bonds, and real estate investments fail to deliver.

Gold for September delivery is currently trading at $998 per ounce, and many economists believe that the perfect buying time for investors has presented itself. Andrew Montano, director of precious metals at Scotia Mocatta, thinks "bargain-hunting" could occur as investors look to get on the train before it once again leaves the sub-$1000 station. Silver, which many investors enjoy because of its affordability, is currently trading at $16.27 on the Commodities Exchange(COMEX). 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

The article goes on to remind readers that lower interest rates tend to hurt the Dollar, which could push up the price of gold and other commodities accordingly. The Fed's plan to purchase more mortgage-backed securities also boosted gold prices. "With the benevolent tailwind of a weak Dollar, gold could easily trade up to $1200 an ounce," said Brian Kelly, CEO of Kanundrum Research, a commodities research team. Such bullish projections for gold have been popping up more often, as investors eye Fed desicions with distaste and search for a less volatile investment. Investors historically diversified into precious metals to protect their underperforming portfolios, and current owners of physical gold hope that trends from the 1930s and 1970s will repeat themselves, moving gold into higher territory as mainstream investments fail.

The spot prices for various precious metals is available online at www.goldprice.net. Gold and silver are currently valued at $1009 and $16.78, respectively. Platinum is down $14 today, and is currently listed on the Commodities Exchange(COMEX) at $1319. Investors who would like to know more about gold and silver should visit www.GoldSilver.org for answers to questions about the two most popular investment-grade metals. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org

The CEO and president of Coeur d'Alene Mines, Dennis Wheeler, said Tuesday that even in a financial hurricane, it could be a new golden age for those in the precious metals industry. Gold is up almost 8% in the last 30 days, and Wheeler said that more investors than ever before are buying silver as a safe haven metal. The government's appliance rebate program is expected to push up demand for silver as well, if only breifly, because of the high silver content in many appliances like refrigerators and microwaves. Institutional and household migration into precious metals has pushed prices up since 2001, and many investors are prepared to buy and hold until the fiscal storm blows over, which, as stated, could take 10 years or longer. The move by so many investors into one market is shocking to many short-sighted economists, but those who consider the cycles from the 1930s and the 1970s understand what all the fuss is about.

Prices for precious metals fluctuate along with the active spot price listed on the New York Mercantile Exchange(NYMEX). Platinum is valued at $1327, which is a $10 gain for the trading day. The gold spot price is $1015, up 1.1% for the day. Silver is back above the $17 mark, currently registering $17.10, and investors who want more information on silver should visit www.goldsilver.org for the latest news and projections.

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Danny Burns

Senior Staff Writer - Precious-Metal.org

Precious metals are being considered by more investors now that the government's stimulus money has been poured into the stock market. Many investors think that now could be the right time to cash out of stocks, as government funding has pushed most major US indexes up. Although the majority of stockholders have been selling some or all of their stocks over the last two years, some economists believe that a small percentage of stock investors are still waiting on stock markets to peak, and the recent flat market after weeks of increases points to a possible peak. Economists believe that a massive surge in precious metals and other commodities could be felt before the end of Halloween, as more households shed stocks in order to convert those assets into more liquid, stable investments.

The live spot price for gold, silver, and platinum can always be found on the live quote ticker at www.goldprice.net. The current gold spot price is $1000.10, which is a 0.74% decrease for the trading day. On the same day last year gold was trading at $853 per COMEX ounce, so the yellow metal is up over 17% in the last 365 days. Silver is currently valued at $16.69 after pushing past $17 last week, and platinum contracts are cullently selling at $1312 per ounce.

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Danny Burns

Senior Staff Writer - Precious-Metal.org

Many market prognosticators currently hold the belief that the White House's plan to boost the economy will backfire, eventually causing the credit crisis to worsen because of consumers who default on home and auto loans that they can't afford, even after the government's aid. Jim Rogers, who previously managed the Soros Fund, currently holds a negative view of the economy, along with Kirby Daly of CNBC Today. Daly, who is known for very clearly outlining the economic downturn before it played out, called the stock markets' most recent rally "hysteria divorced from reality." Economists believe that the strategy in Washington is non-sensical, because debt cannot be paid off with other debt. Eventually, experts say, someone is going to have to pay the piper. In the meantime, precious metals could continue to shine.

Precious metals can always be tracked live at www.goldprice.net. Gold, silver, platinum, palladium, and rhodium are all considered precious metals, and those who are considering an investment in one of these metals are encouraged to visit www.gold-investment.info to learn more about the risks that come with owning these assets. Gold is currently at $1010, silver is up to $17.07, and platinum is flat at $1336.

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Danny Burns

Senior Staff Writer - Precious-Metal.org

The US Department of Labor released the latest numbers from the job sector, and the stastistics on unemployment have rattled the beliefs of some of the most optimistic economists. There are now 6.2 million Americans who regularly file for unemployment benefits, and 545,000 people filed new initial claims for benefits last week. An average of over 500,000 per week have been filing first-time claims for unemployment insurance since President Barack Obama took office this year. A high unemployment rate is considered to be one of the biggest roadblocks to fixing a recessed economy. The unemployment rate is expected to surpass 10% before the end of 2009, which could fuel the vicious circle of foreclosures, bank closings, and inflation.

Precious metals, which historically tend to rise during high inflationary times, can be tracked and traded by visiting www.goldprice.net. The current gold spot price is $1012.50, which is a 0.5% drop for the day. Silver is down $0.20 cents on Thursday after making a strong push above $17.70. Platinum is down $11.00 for the day, and is now valued at $1334 per ounce. Keep in mind that all investments carry risks and a reputable dealer should be sought out when buying and selling precious metals.

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Danny Burns

Senior Staff Writer - Precious-Metal.org

The $12.1 trillion debt ceiling, a number that has been forced up by the government 90 times in the past 69 years, is the highest in the histroy of the United States, and lawmakers plan to increase the limit of how much debt the United States can take on. The latest proposed ceiling of just over $13 trillion would barely cover the cost of the Obama administration's recently outlined health reform plan, which alone could cost taxpayers more than $1 trillion over the next decade. The conversation about raising the amount of debt the US is allowed to be in has been heated and intense in Washington, mainly due to the recent government intervention into the financial sector. Fears of higher inflation and more government manipulation of the markets is causing many investors to shift away from stocks and cash accounts and into gold and silver, the precious metals most often chosen by investors.

The active gold spot price on www.goldprice.net is $1019.60, which is an $11.40 upwards movement from opening values. The gold and silver spot price can be obtained at www.kitco.com, and institutional and household investors should visit www.goldprice.net for live spot prices and information on discount pricing for bullion products and certified rare coins.

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Danny Burns

Senior Staff Writer - Precious-Metal.org

The fluctuations in precious metal prices today was attributed by Yahoo Finance to a small decline in business inventories, which hurts factories and manufacturing industries. The report from the Associated Press also noted that while the automotive industry posted a small increase in sales, that figure is probably boosted by the government's Cash-For-Clunkers program that threw over $1 billion to the struggling market. Many large US based corporations, including Best Buy and Kroger, posted worse-than-expected numbers for the last quarter. This has put many experts' long-term gold projections at levels exceeding $1400, and many economists say that gold could exceed historical highs in the next quarter because of the worsening monetary situation inside the United States. In the 1930s and 1970s, high inflation and corporate failures pushed the price of precious metals and other commodities up while investors who chose not to diversify had to deal with the pain of worthless portfolios.

Gold earmarked for September delivery stood at $1008.50 on Tuesday afternoon. After retreating to sub-$1000 levels briefly in the morning hours, trading desks reported increased demand for precious metals like gold throughout Tuesday's trading session. The gold spot price is based on 1000 ounce COMEX bars before they are melted or minted into branded products.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org