Gold Spot Price $1689.5 -3.70    Silver Spot Price $31.73 -0.03    Platinum Spot Price $1543.00 -1.00    Call Our Gold Bullion Hotline at 800-300-0715 For Live Quotes On Gold Coins And Bars - Always Free, Insured Delivery.
Daily Gold Bullion Update

May 1, 2009 – Gold bullion bars and coins have become a common short-term profit-taking diversification for investors who want to enter the market when the spot price is low and exit when they feel that the spot price is high enough so that they can profit from their investment. The most popular gold bullion bars and coins are the American Eagles, Canadian Maple Leafs, Austrian Philharmonics, Johnson Matthey, Credit Suisse and Pamp Suisse. The reason so many investors have been flocking into these precious metals is because mainstream financial markets have withered away in the past few years as the after-effects of two decades of excessive lending came back to bite us you know where. In the past few years, we have helped investors diversify into these safe haven metals in order to protect themselves from the problems that have occurred with stocks, bonds and real estate, and fortunately many of them have seen exponential profit and wealth preservation that simply could not be obtained with riskier assets.

During the midday trading hours, gold bullion bars and coins are losing a bit of their value as the daily market spot price of the metal falls to $885.80 per ounce, a decline of $.40 for the trading day yet on incline of $33.90 in the last 365 trading days. May has officially begun, and several market analysts believe that precious metal investors could see significant market movement from now until the end of the summer due to a projected large-scale shift from mainstream investments into gold.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer –

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