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GoldSilverBars

April 13, 2009 – The prices of gold and silver bars have started the week off on an incline as many American investors are currently purchasing them in order to hedge their hard-earned wealth from the upcoming losses that may be seen with the mainstream stock market. The Standard & Poor’s 500 Index has opened the week on a 1.3% decline and this is a direct result of anticipated positioning before key financial data that is expected to become released later on in the week. This financial data will include first-quarter earnings by major financial institutions such as Citigroup Inc. and J.P. Morgan Chase & Co., and is just so happens that Bloomberg.com is expecting these earnings to fall below expectations. Short-term market fluctuation with gold and silver bars is being directly related to movement with the United States Dollar, stocks and basically any other external economic factor such as negative financial data that may create desperation amongst hard-working Americans. Fortunately, it’s not too late to protect your long-term spending power with preservative assets such as gold and silver bars.

During the midday trading hours, precious metals are reacting quite well to the latest negative speculation, and the gold spot price currently sits at $891.40 per ounce, up $12.20 for the trading day while the silver spot price currently sits at $12.70 per ounce, up $.37 for the trading day. Both metals are considered ideal safe haven investments to own during times of financial uncertainty, so don’t miss the chance to diversify before it’s too late.

Shannon King

Senior Staff Writer – GoldSilver.org

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