Dismal prospects for the global stock market are causing a flood of investors to turn to precious metals, and the battered gold market is starting to recover some of its previous luster. For months, the global economy has been subject to small financial events that have hinted at the underlying instability of the market, and the overall feeling of skittishness by money holders.
Investors around the world are fleeing unstable stock, fueled by the falling oil prices and the relative insecurities of the global economy as a whole; and instead are starting the flood the safe haven investments such as bonds and precious metals.
It’s not just international turmoil that’s rocking the markets, along with the record setting fall of oil prices, the U.S. dollar hit a 16-month low against the yen today; putting it on the course since the Lehman crisis.
The shiny precious metal is soaring as of today after experiencing a rather dismal performance this past couple of years and now sits at $1,247.80. That’s a $28.90 difference from a year ago, with a $50.00 dollar change from just yesterday from the close of the markets! Click here for an up-to-date chart of gold prices.
Silver is also experiencing an increase in interest, being the more affordable safe haven metal, the price has risen to $15.73 an ounce. Market experts expect the precious metal to continue its rise in the unstable market economy. Click here for an up-to-date chart of silver prices.
GMRgold has a great selection of 1-ounce .999 Fine Silver American Silver Eagles available for savvy investors: GMRgold Silver American Eagles.
Another precious metal that is experiencing a bit of growth in the now insecure market place is Platinum. The shiny metals is now priced at $960.00, a $26.00 rise from the close of yesterday’s markets. Considered to be another safe haven investment, protecting investors from the fall of currency and stock market prices, the price of platinum is expected to experience a steady rise in the coming weeks. Click here to see an up-to-date chart of platinum prices.
Take a look at GMRgold’s amazing Platinum Bullion Selection!
GMRgold’s precious metal market experts are ready to take your call and answer any questions you may have pertaining to the rising prices and your perspective new investment in gold, silver and platinum! Call 877-795-9585 today and ask about our Precious Metals IRA!