Closing Gold & Silver Market Report – 5/24/2011
GOLD & SILVER RISE AS SAFE HAVEN INVESTMENT – All four precious metal prices are up and gold reached its best since May 3. It is worth pointing out that although silver went through a wild ride recently, gold did not experience the same turbulence. It is currently still near all-time highs. Most analysts would attribute this to gold being historically less volatile. Gold is viewed as a means to protect wealth through portfolio diversification and asset allocation.
The American Precious Metals Exchange is closing their Sales and Customer Service Departments today at 3:30 PM (CT). We are located in Oklahoma City, and we are right in the bulls eye of an expected tornado outbreak. This outbreak is expected to be very severe, so we are allowing our employees the opportunity to get home and be with their families. As always, our customers can place orders 24/7 on our web site.
At 3:30 PM (CT) the APMEX precious metal prices were:
- Gold price - $1,526.60 (up $9.70)
- Silver price - $36.66 (up $1.67)
- Platinum price - $1,770.50 (up $13.60)
- Palladium price - $741.00 (up $5.20)