June 25, 2009 – The United States Dollar continues to show further signs of weakness today as the Federal Reserve is planning to continue purchasing toxic treasuries in order to prevent a large-scale loss of confidence in the United States economy, thus many wise investors are turning to safe haven products like the Pamp Suisse gold bars and the Johnson Matthey silver bars in order to potentially profit and protect their wealth if the financial crisis worsens. The Johnson Matthey silver bars in particular are a “hot buy” at the moment because they are a cost-effective way to purchase silver without having to pay the significantly higher premium of coins like the American Eagles. Since early 2001, more and more wise investors have been flocking to purchase these Johnson Matthey silver bars because projections were arising saying that silver could outperform gold if the economy fell into the next recessionary cycle. Sure enough, here we are in the worst recessionary cycle since the Great Depression, and silver has outperformed gold as was projected.
By around 5:30 PM Eastern Standard Time, the trading day has ended with gold sitting at around $931.10 per ounce, an increase of $5.30 for the session while silver is sitting at around $13.85 per ounce, an increase of four cents for the session. Short-term market forecasts are currently saying that both precious metals could continue increasing in value if the current Federal Reserve meeting creates vulnerability with the United States Dollar and mainstream investing markets.
Senior Staff Writer – GoldSilver.org