The following is a brief overview on gold and silver spot prices so far this year, for the benefit of novice, and experienced investors alike.

Early January saw the gold spot price at around $1120, to $1130 levels, but increased to high $1150 per troy-ounce levels on Jan 11th. Gold prices fluctuated slightly below the $1140 range until Jan 18th, when the spot price declined to low $1080 per ounce levels. January ended with gold at just above $1080 levels, and even saw an increase to just under $1120 per troy-ounce levels on February 3rd. The gold spot price plunged all the way to $1060 levels on February 5th, but has since steadily climbed back to above $1100, and was at $1114.40 an ounce, as of 3:30, EST.

Silver started the month of January at just above $17 per troy-ounce, and climbed steadily to just under $19 an ounce on January 12th, when the spot price hovered around $18.50, where it fluctuated mildly until till January 20th. The silver spot price then began to decline, reaching near $15 per troy-ounce levels, before resuming its’ ascent at the month’s end. The silver spot price is currently $16.41 per troy-ounce, and projections for silver are bullish, as problems with the dollar and the euro remain unresolved, and uncertainty over the IMF’s (International Monetary Fund) surplus bullion lingers.

Gold and silver investments are commonly used to preserve and grow wealth during long, uncertain periods of economic hardship. Those who are considering a precious metals investment can avoid paying exploitive retail prices for their gold and silver bullion, and rare coin by contacting one of our friendly specialists, who offer institutional discounts on these items to household investors like you.

Shannon King