May 5, 2009 – Gold and silver bullion have helped preserve investment portfolios in the United States for several years now, and the two metals have seen significant increases in value that prove both profit and preservation potential during difficult economic times. There are many different reputable companies that produce gold and silver bullion bars and coins, and the most popular coins are the American Eagles, Canadian Maple Leafs and Chinese Pandas while the most popular bars are the Johnson Matthey, Credit Suisse and Pamp Suisse. It’s important that investors understand that gold is mostly used for jewelry and investment purposes while silver is mostly used for industrial purposes, and this makes them quite different in the way that they fluctuate on a daily basis despite the fact that they are both safe haven precious metals. This being said, it’s always important that investors analyze their investment goals before beginning a diversification in order to find out which metal could be best for them.
By around 1:20 PM Eastern Standard Time, it appears like gold and silver bullion prices are headed in opposite directions, with the gold spot price falling to $902.90 per ounce, down $.30 for the trading day while the silver spot price is increasing to $13.47 per ounce, up $.44 for the trading day. Short-term profit taking seems to be occurring with gold today, and this is most likely why it is trading inversely to silver. A rebound may occur by the end of the session, so keep a close eye on spot prices that are projected to experience moderate gains this month.
Senior Staff Writer – GoldSilver.org