For centuries, gold has been civilization’s traditional storehouse of value. In today’s global economy, gold is seen as a hedge against fiat currency inflation and as a safe haven in times of economic crisis and geopolitical turmoil.

Although gold certainly has its share of volatility, the market often stays within a trend for extended periods of time; making it generally suitable for clients who prefer to “buy and hold” bullion in a fully-paid transaction as well as for those who elect to take advantage of the leverage provided in Precious Metal One's Matrix Account.

Precious Metal One offers gold in 10-ounce bullion bars and routinely maintains a two-way market throughout a10-hour trading day,
8:00am – 6:00pm (EST), Monday thru Friday.

52-week high: $1,252.30 on June 8, 2010  
                                           52-week low: $681.10 on October 24, 2008

GOLD FACTS:

• Out of the earth comes a remarkable metal with an unparalleled combination of chemical and physical properties that make this metal invaluable to a wide range of everyday applications essential to our modern life. Thousands of common, everyday appliances require gold to ensure perfect performance over a long period of time. This indestructible metal is completely recyclable and virtually immune to the effects of air, water, and oxygen. Gold will not tarnish, rust, or corrode. This unique combination of properties makes gold a vital component in many medical, industrial, and electrical applications.
• Gold's superior electrical conductivity, its malleability(the ability of a substance to be hammered into thin sheets), and its resistance to corrosion have made it vital to the manufacture of components used in a wide range of electronic products and equipment, including computers, telephones, cellular phones, and home appliances.
• Gold has extraordinarily high reflective powers that are relied upon in the shielding that protects spacecrafts and satellites from solar radiation and in industrial and medical lasers that use gold-coated reflectors to focus light energy. And because gold is biologically inactive, it has become a vital tool for medical research and is even used in the direct treatment of arthritis and other intractable diseases.
• Gold trades in many markets around the world. At any time of the day or night a current market price is being established somewhere. Two of the most important world markets, however, are in London and New York.
• The London market is one of the oldest in the world and is the largest market for physical gold. Since September 12, 1919 the price of gold has been set at "the London gold fix" and this price is used in contract arrangements around the world. Today, the gold fixings take place at 10:30am and 3pm and provide published prices that are used as official pricing medium by producers, consumers and central banks.
• The New York market opens as the second London fix takes place and is particularly noted for the volume of "paper gold transactions" such as futures contracts that are traded on the exchange. The Comex division of the New York Mercantile Exchange is the center of these activities.
• There are other important gold markets in Zurich, Tokyo, Sydney, Hong Kong and elsewhere - so gold is being traded somewhere 24 hours a day; including at Precious Metal One who, as a “market maker,” routinely maintains a two-way market throughout a 10 -hour trading day. 8:00am – 6:00pm, Monday thru Friday.