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Gold Silver Spot Prices

February 25, 2009 – Gold and silver spot prices are making up for the declines that they experienced in the last three days and many short-term predictions are saying that the metals are now ready to move into higher territory than they reached last Friday. There are many things going on right now with the financial markets such as the United States Dollar strengthening while the majority of stocks fall on fears that corporations are expecting more declines in profit. I’ve also been reading articles saying that the United States is no longer in a recession and that instead we are in a depression, which is being proven by the increasing unemployment rates and overall economic contractions. Luckily, gold and silver spot prices have benefited from this financial crisis and they may continue to benefit until the economy stabilizes. Investors looking to enter the precious metal market could take advantage of the profit and preservation that may result in the near future with products such as American Eagles and Canadian Maple Leafs.

Investors around the nation are taking advantage of today’s lower spot prices, with gold trading at around $965 per ounce, up $2.30 for the day and also up $62.70 for the month while silver moves up $.15 to around $13.91 per ounce. Both metals have proven to be worthy investments to own during this financial distress that we are experiencing and several short-term projections have said that they may witness a 20% increase in value by midyear as the demand increases. I wish you the best of luck when investing in precious metals.

Arthur McGuire

Senior Staff Writer – GoldSilver.org

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