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April 22, 2009 – The precious metal spot prices are rebounding today after the latest negative economic data that came from the International Monetary Fund projecting that the global economy will contract this year, and this is causing many investors to purchase popular bullion products like the Johnson Matthey silver bars along with the popular certified rare coins like the $20 Saint-Gaudens. The overall uncertainty with the global economy has caused a slide with major equity indexes because wise investors are preferring physical possession precious metals as opposed to unstable stocks or bonds. Gold in particular is experiencing some difficulty surpassing the $890 per ounce benchmark while silver is experiencing some difficulty surpassing the $13 per ounce benchmark, yet market analysts are expecting much higher prices due to increasing industrial demand along with higher investment demand for products like the Johnson Matthey silver bars, which are some of the best-selling bullion bars available.

By around 3:30 PM Eastern Standard Time, it appears that both precious metals are benefiting from the flock to store of wealth assets, and the gold spot price currently sits at $888.70 per ounce, increasing $5.40 for the trading day while the silver spot price currently sits at $12.30 per ounce, increasing $.24 for the trading day. Short-term and long-term projections are looking bullish because market analysts are expecting the financial crisis to continue getting worse, so this may just be the ideal time to purchase a few bullion Johnson Matthey silver bars or the more historically preservative $20 Saint-Gaudens coins.

Shannon King

Senior Staff Writer – GoldSilver.org

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