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Silver Coins

March 12, 2009 – Precious metal investors are flocking to bullion and certified investment grade silver coins after hearing some of the latest market projections saying that the metal has a high possibility of doubling by the end of the year. Although gold coins have been doing impressively well in the past eight years, silver coins have nearly doubled their gains and could do the same once more during 2009. The current demand for safe haven assets is being caused by the slumping United States Dollar and equity market that just recently fell to multiple year lows. Wise investors are noticing this and thus they have begun to invest in silver coins like American Eagles, Canadian Maple Leafs, Morgan Dollars and Peace Dollars in order to potentially benefit from their safe haven attributes and their ability to profit substantially during both inflationary and deflationary environments.

Today the spot prices of both metals are doing quite well, and gold is currently sitting at around $923.60 per ounce, moving up $15.70 for the trading day and $8.60 in the last 30 trading days while silver is currently sitting at around $12.93 per ounce, moving up $.16 for the trading day. It’s crucial that investors work directly with a precious metal dealer such as the Certified Gold Exchange that can help them find the ideal product for their portfolio, especially since there is so much fluctuation with financial markets and even individual bar and coin investments. Happy investing and remember to diversify well.

Shannon King

Senior Staff Writer – GoldSilver.org

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