Investing in Gold and Silver

October 25, 2010 – Gold and silver prices rose on Friday afternoon though not in a significant way, and certainly nothing in comparison to the way values fell earlier in the week. By 4pm EST gold was trading for $1328 per ounce on the COMEX division of the New York Mercantile Exchange, and silver is listed at $23.28, a day’s gain of $0.16, on the same exchange.

The daily gold and silver market is no place for weak stomachs, and we saw proof of that last week with gold falling by over $50 per ounce and silver also losing a large percentage of the gain it has seen in the past month. Investors with certified gold and silver coins also saw decreases last week, with the $20 Saint Gaudens coin falling $60 and the Morgan and Peace silver dollars fell an average of 2 percent.

Gold and silver bullion buyers now have to decide if it’s bargain-hunting season or if the price of gold and silver have yet to hit the bottom of the current valley. Historically, this type of “swing” trading is done in 1-14 month spans and is considered highly risky. Even though gold and silver bullion trade near the actual spot price, the wrong move at the wrong time keeps far too many investors from realizing proper gains.

Certified gold and silver coins tend to fluctuate more gradually than bullion so you don’t have to pull your hair out while tracking the daily gold silver market. Some investors prefer the collectable coins to bullion because they were more profitable during the last inflationary cycle of the 1970s, and it may not be wise to do business with companies who don’t sell bullion bars and coins AS WELL AS certified coins. If you would like more info on investing in the gold and silver market and to take advantage of institutional discounts on select items feel free to contact today.

Shannon King

Senior Staff Writer –

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