, IncDecember 15, 2009 – The price of gold is readily available through television investment programs, your local newspaper, and various entities on the World Wide Web, but many investors have found that the easiest way to track the gold spot price is to visit GoldPrice.net. Live spot values for gold, silver, and platinum are available around the clock via the scrolling GoldPrice ticker, and COMEX spot prices for these three metals at 11am EST were as follows:
The Price of Gold - $1127.80 (+$0.40)
The Price of Silver-$17.38 (-$0.01)
The Price of Platinum - $1442.00 (-$6.00)
Remember that major precious metal dealers do not buy or sell products at the spot price. Rather, premiums are added to each product, and these markups vary depending on the type of item, the amount purchased or sold, and the gold dealer in question.
The price of gold has been a hot topic recently because of the United States’ financial meltdown that began three years ago. While some indicators could show that a recovery is underway, the overwhelming majority of data points to a long-term inflationary cycle down the road, as well as the continued struggle of many of our nation’s long-standing industries.
Gold traditionally rises with inflation, and recessionary periods cause investors to seek diversification with safe-haven assets like precious metals. If our economy and the US dollar index continue to deteriorate in 2010, the price of gold could climb to $1500 per ounce. If you seek protection from our dollar’s withering value or if you simply feel the need for a back-up plan with physical possession gold, contact GoldPrice.net or browse our helpful investment guides below to get more information on how to make a successful precious metal investment.
Stewart Lawson
Senior Staff Writer - GoldPrice.net
